The global rice market in the last two years has been a rollercoaster driven mostly by India’s export restrictions and, since October of last year, by its massive rice crop. India’s production performance has been remarkable, breaking a new production record every year for the last ten years.
Read MoreThis week, more than two dozen industry leaders representing the rice farmer, merchant, and milling sectors traveled here to meet with Washington trade experts, hear policy updates, and advocate for leveling the global playing field on trade.
Read MoreThe Secretary of Agriculture says it’s a new day for trade negotiations in America.
USDA’s Brooke Rollins says members of the Trump administration have been working around the clock to finalize new trade deals. “What normally would take 2 years to reach a trade agreement, we’re doing in the course of 30, 60, and 90 days,” she says.
Read MoreToday, the National Cattlemen’s Beef Association (NCBA) announced support for President Donald Trump’s trade agreement-in-principle with the United Kingdom (U.K.). Most importantly, the agreement includes market access for beef. This announcement follows years of NCBA’s hard work building the foundation for a trade deal with the U.K., including numerous meetings with British industry stakeholders, Members of Parliament, the British Embassy, the U.K. Department for Environment, Food and Rural Affairs, and other top British authorities.
Read MoreAmerican Farm Bureau Federation President Zippy Duvall commented today on the announced trade deal between the United States and the United Kingdom.
Read MoreWhile 56% of farmers say they believe the ongoing trade disputes with China and other countries will hurt them financially this year, 70% say they believe the U.S. and agriculture specifically will benefit in the long-term. Willing to endure short-term pain for long-term gain might best describe U.S. farmers’ current sentiment regarding ongoing trade and tariff troubles with China and other countries.
Read MoreFarmer sentiment improved in April as producers expressed more optimism about current and future conditions on their farms.
Read MoreThe stakes are high with the latest trade war. While the risks of losing more market share into China are a concern, the upside potential of a trade deal with China could be monumental.
Read MoreAs the trade war heats up, the reality is China is still the top export destination for U.S. farmers, even if the country isn’t buying as many soybeans as 2018.
Read MoreWednesday, President Trump announced that he’s invoking his authority under the International Emergency Economic Powers Act of 1977 and signing an Executive Order imposing reciprocal tariffs on nearly every country across the world. The Executive Order finds that underlying conditions, including both tariff and non-tariff barriers of foreign trading partners, have caused a threat to the national security and economy of the United States.
Read MoreUSDA’s latest export sales report, out Thursday morning and covering the week through March 20, didn’t have a lot of bullish data for traders to digest. Corn volume bested other grains, but sales were down 31% week-over-week and only made it to the middle of trade guesses. Soybean sales were lackluster, meantime, and wheat sales were largely disappointing.
Read MoreTrade policy in Washington these days is filled with talk of tariffs and retaliatory tariffs, but rice exporters should pay at least as much attention to a couple of more arcane terms: port service fees and restrictions on services.
Read MoreADM Rice has sold 88,000 more metric tons of U.S. long grain milled rice to Iraq, bringing to 220,000 metric tons the amount purchased by Al Awees, the agency that buys and distributes grain for the Iraqi government, in 2024-25.
Read MoreEconomists say America is in a new trade war with countries like China, Canada and Mexico. Tariffs and retaliatory tariffs play a big part in that, and Louisiana farmers could be impacted.
Donald Schexnayder and his brothers have been farmers in Erwinville for more than 40 years. They grow a variety of crops, including soy, corn, and wheat. Factors like weather and market fluctuations can make farming less predictable than other industries.
Read MoreA proposal from the U.S. Trade Representative (USTR) to impose new fees on ocean carriers with ties to China could take a major toll on America’s farmers and ranchers. Two-thirds of all agriculture exports by volume are shipped overseas, and the cost of transporting them to international trading partners could increase dramatically.
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