China sugar industry plans to lobby for tariffs

Mills will be asking the Ministry of Commerce to extend tariffs originally set in 2017 that would support domestic sugar pricing, per Reuters. A year ago, the Chinese government levied tariffs on all out-of-quota (OOQ) sugar, which meant that developing nations were no longer [...]

2018/19 soybean exports should beat August forecast

The U.S. exported 873,260 MT of soybeans during the week ending Aug. 22, down 26 percent from the previous week but still more than a third above the necessary weekly average for the rest of August. Cumulative exports totaled 45.0 MMT (1.65 billion bushels). [...]

AJC imports dropped sharply in June

Apple juice imports in June were just 27.4 million single-strength-equivalent (SSE) gallons, down almost a third from import volume during June 2018. Cumulative 2018/19 imports were 439.0 million SSE gallons, down 6 percent from Aug-Jun 2017/18. Since January, imports from European origins have supplied [...]

A currency front in the U.S.-China trade war

Nearly two years after Office of the U.S. Trade Representative (USTR) began investigating China over IP concerns and 11 months after the bulk of tariffs went into effect, President Trump announced a tariff of 10 percent on some US$300 billion of Chinese exports—upping the [...]

China now second largest food & beverage economy

The Annual Report on Catering Industry Development of China 2019 (ARCIDC) released in June found that China is now the second largest food and beverage economy in the world by revenue, with the U.S. at number one. Before last year, food and beverage revenue [...]

U.S. net agricultural export totals adjusted downward

Last Thursday, May 30, USDA released its quarterly Outlook for U.S. Agricultural Trade, forecasting import and export value totals for the current year. USDA decreased its initial export value forecast by $4.5 billion, from $141.5 billion down to $137 billion. Lower forecasted export shipments [...]

Dairy bull market pauses to catch its breath

Increasing tension over trade in the first half of May led dairy manufacturers to begin selling off inventories. Many cooperatives had been building inventories of various products in anticipation that a trade deal between the U.S. and China was close, but that anticipation has given way to concern as import duties of up to 25 percent remain in place on various [...]

Stock markets slide amid U.S.-China trade uncertainty

Stock market volatility picked up last week with a further hike for U.S. tariffs on Chinese products. The Trump administration accused China of reneging on several areas previously negotiated, and tensions escalated further between the two countries. The current understanding is that imports already [...]