With sales to China waning, the growth markets for U.S. pork exports will be Mexico and Latin America, said economist Brett Stuart of Global AgriTrends. Mexico accounted for 22 cents of every $1 in pork exports last year, and eight Latin American nations, often regarded as lesser customers, are set to become major customers for U.S. pork.
Trade ministers from Canada, Mexico and the United States are scheduled to confer digitally on Monday and Tuesday in the first meeting of the USMCA's Fair Trade Commission, with dairy expected to be the hot topic. U.S. dairy groups called on Sunday for the Biden administration to escalate an ongoing complaint against Canadian dairy quotas unless this week's meeting produces results.
Throttled by pandemic, U.S. farm exports this year will barely exceed last year's totals, wiping out hopes of a speedy recovery from trade-war losses, said the USDA. Sales to China are rising but slower than projected when the "phase one" trade agreement with Beijing took effect in February, and far from the tripling necessary to satisfy the purchase levels specified in the pact.(No paywall)
Freezing wet weather in the northern Plains has pummeled the sugarbeet crop and cut deeply into domestic sugar production. The USDA said it "fully intends to take appropriate actions to ensure an adequate supply of sugar," language likely to mean it will allow larger than usual imports of foreign-grown sugar.
In a preview of the message they’ll give to lawmakers later this week, U.S. farm groups and a delegation of grain and industry officials from Mexico used a news conference in Nebraska to emphasize the value of the U.S.-Mexico ag trade partnership, reported AgDaily.
At the same time the White House plans to renegotiate NAFTA, the Trump administration says it will collect antidumping and countervailing duties on sugar from Mexico unless that country agrees to limit shipments to the U.S.
U.S. food manufacturers and trucking companies are trying to quickly move product into Mexico in case trade relations between the two countries break down after President Trump promised to renege on the North American Free Trade (NAFTA) agreement, says Reuters. The President has also said he is might push for a 20 percent tax on Mexican imports in order to pay for a U.S.-Mexico border wall.