Articles of Interest- Wednesday, January 9, 2019
January 9, 2019
A U.S.-Japan Bilateral Trade Agreement is Urgently Needed
Food Business News – 01/08/2018
In testimony before the U.S. Trade Representative, Vince Peterson, president of the U.S. Wheat Associates, said the C.P.T.P.P. will grant preferential access to Canadian and Australian wheat exports to Japan. Eventually, the tariff reduction will be about $70 per metric ton, or 45% below the current effective tariff applied to U.S. wheat. Because Japan, the No. 1 buyer of U.S. wheat, has no obligation to change this tariff reduction schedule, Mr. Peterson said it will likely shut most U.S. wheat exports out of the Japanese market and undo decades of market development work.
Bringing a Miller Perspective to USW’s Overseas Operations
Grain Commission – 01/08/2018
Farmers can appreciate better than most how a parent’s choices can transform their children’s lives. In Mark Fowler’s case, his father’s path led him away from his parent’s Kansas farm, to be the first in the family to receive a college degree and onward to a career as a Spanish teacher. Although Fowler spent time on his grandfather’s wheat and cattle ranch growing up, his father was whetting his appetite for international travel, taking him on trips to Mexico with his Spanish classes.
US Agricultural Exports May Face $3bn Drop in 2019
Feednavigator.com – 01/07/2019
Some US feed, grain and feed ingredient exports could see a challenge on the global market as total exports are expected to decline to $141.5bn.
Flour Market to Reach US 5.82 Billion by 2020
Transparency Market Research – 01/09/2019
Flour consumption is witnessing a steady growth across the globe owing to the rising demand for bakery and fast food products among different classes of consumers. The increasing number of cafes and fast food restaurants worldwide is driving the flour market. Moreover, the development of flour milling industry in the developing regions such as Asia Pacific and the Middle East and Africa is working in favor of the growth of the market. The growing population and decreasing flour prices along with the establishment of new flour mills are supporting the demand for flour in these regions, which in turn is fuelling the overall market.
USDA Extends MFP Deadline due to Shutdown
Agri-Pulse – 01/08/2019
The Department of Agriculture has extended the deadline to apply for Market Facilitation Program payments in light of the shutdown that has closed Farm Service Agency offices across the country. Ag Secretary Sonny Perdue made the announcement Tuesday afternoon, saying in a release that the Jan. 15 deadline would be extended “for a period of time equal to the number of business days FSA offices were closed, once the government shutdown ends.”
Source: U.S. Wheat Associates