Recent Sales to Peru Highlight Importance Of Trade Agreements

This week’s U.S. Grains Council’s (USGC’s) Chart of Note illustrates Peru’s continued interest in purchasing U.S. corn, with its entire duty-free quota filled this year on March 26.

This quota was negotiated under the U.S.-Peru trade promotion agreement (PTPA), which has been instrumental in boosting bilateral trade in food and agricultural products since it went into force on Feb. 1, 2009.

USGC Finds Opportunities To Grow Ag Exports To Peru, Chile During USDA Trade Mission

Both Chile and Peru have free trade agreements (FTAs) in place with the United States, helping make the Western Hemisphere region a bright spot for U.S. coarse grain exports in the face of higher global grain supplies, lower demand and a strong U.S. dollar. 

During a trade development mission this week led by U.S. Secretary of Agriculture Tom Vilsack, representatives from the U.S. Grains Council (USGC) visited both countries to assess the potential for further growth of their imports of U.S. ag products.

Mission Examines Argentine Market On Cusp of Major Policy Changes

A recent U.S. Grains Council (USGC) mission to Argentina had impeccable timing, offering participants the chance to meet with local grain industry representatives just as new President Mauricio Macri has begun implementing changes that could have a significant impact on both domestic and international grain markets.

Four U.S. ethanol industry representatives traveled with the Council to Argentina last week to observe local conditions, trade opportunities and constraints.

“During the last five years, U.S. corn and distiller’s dried grains with solubles (DDGS) exports to the Latin American region have been growing,” said USGC Regional Director for the Western Hemisphere Marri Carrow. “However, we’ve also seen Argentine DDGS exports increase as the local corn-based ethanol industry grows, so we must monitor the situation closely.”

Corn Quality Report Outreach Builds Rapport with Western Hemisphere Buyers

The U.S. Grains Council (USGC) presented the findings of its 2015/2016 Corn Harvest Quality Report to eager audiences in Chile, Costa Rica, Mexico and Panama this week as part of ongoing work to quickly bring the most up-to-date information to purchasers.

The Western Hemisphere is home to some of the most important U.S. grain export markets, many of which benefit from either free trade or logistical advantages. As of Jan. 7, the entire Western Hemisphere region purchased 13.0 million metric tons (512 million bushels) of U.S. corn this marketing year. While this is down slightly from the 14.2 million tons (559 million bushels) of U.S. corn they purchased during the same period last year, the region saw a noticeable increase in Mexico, which purchased 1.2 million tons (47.2 million bushels) more than last year at the same time.

Video: USGC Trade Team Highlights Impact of U.S.-Colombia Free Trade Agreement

The U.S. Grains Council (USGC) sent a team of U.S. sorghum producers and traders to Colombia and Peru last month to promote their crops and roll out the Council’s 2015/2016 Sorghum Early Harvest Quality Report. While the group was in Colombia, team members saw firsthand the benefits of the U.S.-Colombia free trade agreement (FTA).

Argentine Policy Changes Abound, Outcome Still Undetermined

By: Manuel Sanchez, U.S. Grains Council Manager of Global Trade

The runoff election victory in Argentina of Mauricio Macri on Nov. 22, 2015, marked the end of a 12-year regime of Presidents Cristina Fernandez and her late husband Nestor Kirchner before her. As a candidate, Macri promised to strengthen his country’s institutions, introduce more pro-business policies, structure deals with foreign creditors and realign Argentina’s foreign policy to be closer to that of the United States. He also vowed to jumpstart the economy by lifting many tariffs, lowering taxes and attracting foreign investment.

Grain Trade Watches for Impacts of Argentine Election

By: Manuel Sanchez, U.S. Grains Council Manager of Global Trade

Argentine farmers are keeping a close eye on the upcoming runoff elections in their country, as the outcome will have a direct impact on their bottom lines this coming harvest. Both candidates - Mauricio Macri and Daniel Scioli - in the election have expressed interest in working on policies to improve Argentina's agricultural competitiveness and to encourage farmers to boost production.

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