Concerns persist over the surge in Chinese exports of used cooking oil (UCO) to the United States, with allegations suggesting the oil may be blended with virgin oils, such as palm oil or soybean oil, from third countries., The surge in imports has been driven in part by the Inflation Reduction Act (IRA), which incentivizes low-carbon fuels but does not require domestic sourcing of feedstocks. This has allowed Chinese UCO imports, which now make up over half of all U.S. UCO imports—up from less than 1% in 2022—to dominate the market.
A new economic study paints a troubling picture of the potential results a renewed U.S.-China trade war could have on hundreds of thousands of farmers and rural communities, showing American-imposed tariffs would come at a steep cost to U.S. producers while benefiting Brazil and Argentina. The study, commissioned by the American Soybean Association and the National Corn Growers Association and conducted by the World Agricultural Economic and Environmental Services, shows a new trade war would result in an immediate drop in corn and soy exports to the tune of hundreds of millions of tons. As a result, Brazil and Argentina would claim the lost market share, which would be extremely difficult for American growers to reclaim in the future.
The Agriculture Department said yesterday it will make an additional $300 million available through the Regional Agricultural Promotion Program to help grow export markets for US farm and food …
US lamb producers are seeking relief from imported lamb and mutton through a phase-in tariff rate quota. Protect American Lamb, a project under the auspices of the R-CALF USA, has filed a petition with US Trade Representative Katherine Tai. The 33-page petition shows that imported lamb and mutton, primarily from Australia and New Zealand, have increased 2,363 percent in dollar value and 543 percent in quantity since the early 1990s.
A report by the United Nations Conference on Trade and Development (UNCTAD) has called for a "Blue Deal" – a global initiative towards sustainable use of the world's oceans that are home to 80% of all life. The Trade and Environment Review 2023, released on 8 May, analyzes the ocean economy, estimated at $3-6 trillion. The report has been presented at the 3rd UN Trade Forum
Health Canada (HC) has opened a public consultation period on the federal department's intent to amend the Food and Drug Regulations to restrict advertising to children of foods with high content of …
Agriculture Undersecretary for Trade and Foreign Agricultural Affairs Alexis Taylor will be leading the department’s first-ever regional agribusiness trade mission to the Netherlands. Ms. …
U.S. agro-businesses, participating in a trade tour in Cuba, expressed frustration over the slow progress in boosting commerce with Cuban farmers and called on the Biden administration to ease restrictions, allowing them to invest in the island's private agriculture sector.
