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.
The profitability of the Irish feed industry is being undermined by 25% tariffs imposed by the EU on US beet pulp and molasses as part of the longstanding Boeing-Airbus dispute.
China has announced a tariff on Australian barley in the latest escalation in trade tensions. The anti-dumping and anti-subsidy duties imposed total 80.5%.
Improving facility, product registration and renewal processes and ending ingredient bans were top priorities for the AFIA during trade deal negotiations with China, says expert.
US feed industry members are applauding progress on the US and China trade relationship as a new phase one trade deal looks to improve agricultural exports and streamline the approval process.
In the US, 2019 was a year that started with a federal government shutdown and one that brought little that was positive in terms of production conditions or trade.
China and the US are establishing a ‘phase one trade deal’ to address initial trade barriers and improve purchases of US feed ingredients and agricultural products.
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.
The US feed and ag sectors are among those applauding Wednesday’s news of a partial trade agreement between the US and the country’s third-largest agricultural market, Japan.
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.
Feed ingredient producers and industry members are decrying the escalation in the ongoing trade tensions between the US and China, which are prompting fears of longer-term market damage.
Ongoing trade uncertainty and continuing tariffs are prompting a new round of federal support for US feed crop and agricultural producers as disruption to international markets continue.
The ongoing US-China trade situation could result in another round of aid for US feed crop producers as China outlines its response to increased tariffs and feed crop producers ask for a trade deal.
Irish Farmers Association (IFA) president Joe Healy has warned that the newly announced tariff regime in the event of a no deal Brexit would be a disastrous scenario for Irish farmers.
As China agrees to increase purchases of US soybeans, questions regarding lifting tariffs on the feed ingredient and ongoing trade negotiations remain.
The second round of funding for feed and food crop producers is generating mixed feelings as producers welcome the support, but point to the need for improved trade or question funding calculations.
