Feed industry representative group, the Agricultural Industries Confederation (AIC), has hailed the UK government’s announcement that from June 1, 2022, it will remove the 25% import tariff on corn imported to the UK from the US.
US feed industry organizations and feed grower groups are applauding progress toward a final ratification of a revamped North American trade deal, which if passed by Congress, could improve market access and US competitiveness.
US agricultural exports are projected to reach $137bn in fiscal year (FY) 2020, up $2.5bn from the revised forecast for FY 2019. The anticipated increase will primarily be driven by higher exports of pork, beef, soybeans, and horticultural products, found...
It has been US feed group and agricultural good producers – not the importing country or its consumers – that have paid most of the cost of the retaliatory tariffs arising out of US disputes with trading partners, say CoBank analysts.