australia

In late December, Lamb Weston announced it had acquired Australia-based Marvel Packers, which operates potato processing and storage facilities.  Company officials say this acquisition enables Lamb Weston to boost global production capacity, increase its presence in the Australian market, and create new opportunities to serve customers.  ...

A large trade deal comprised of 11 nations became official on Sunday, December 30th after years of back-and-forth talks. A StraitsTimes.com article said the first six countries to ratify the pact are now enjoying steep cuts in tariffs. Consumers in countries like Singapore and Japan will benefit from the pact, called the Comprehensive and Progress Agreement for Trans-Pacific Partnership... Read Mo

Japan will start cutting tariffs for some of U.S. agriculture’s biggest competitors, especially for beef, starting this weekend.  Canada, Australia, New Zealand, and Chile will all benefit from lower Japanese tariffs, starting Sunday.   That, a...

On Monday, the Office of the U.S. Trade Representative opened a public hearing in preparation for its upcoming trade agreement negotiations with Japan.  One off those who testified at that hearing was U.S. Meat Export Federation President and CEO.  He...

The USDA expects that American wheat growers will see exports and prices climb as the marketing year continues.  USDA Outlook Chairman Seth Meyer said the pace of exports have been tepid at this point.  He expects that to change later in this marketing year.   ...

As the international price of wheat firms up, global supply and demand balance is going to tighten in 2018-2019. That forecast comes from the Food Outlook, a biannual report published by the Food and Agricultural Organization of the United Nations...

Indonesia and Australia last week concluded negotiations on the Indonesia-Australia Comprehensive Economic Partnership Agreement. The partnership deepens the trade ties between the countries, benefiting a multitude of industries, including agriculture...

The U.S. is currently discussing the possibility of steel and aluminum tariff exemptions with a handful of other countries.  A Reuters report says America is currently in talks with the European Union, Australia, and Argentina.  U.S. Trade Representa...

In a Washington, D.C. speech Monday, an Australian trade official stressed the benefits of the U.S. rejoining the TPP.  Australian Ambassador to the U.S. Joe Hockey addressed the Washington International Trade Association Monday afternoon, and spoke on the need to engage with the Asia-Pacific region for security and economic reasons.   ...

The United States has reclaimed the title of top beef exporter to South Korea in 2017. The change comes 14 years after a U.S. outbreak of mad cow disease that led to a ban of U.S. beef in South Korea, handing the top spot of the market to Australia, according to Reuters...