Announcements

Job offersmore »





Tweeting Growers

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




US: Trumpís Cuba moves may harm ag exports

A rollback of Obama administration efforts to open Cuba to U.S. tourism and trade may chill a rebound in agricultural sales to the island nation, setting back a farm-lobby push thatís weathered two decades.

U.S. Secretary of State Rex Tillerson signaled Tuesday that changes would come as soon as Friday, when President Donald Trump visits Miami. The moves may include new limits on travel and investment policies. While thereís no indications of a clampdown on agricultural sales allowed on a cash-only basis since 2000, cooled relations may drive buyers elsewhere, said Bob Young, chief economist for the American Farm Bureau Federation in Washington.

The agriculture sector has long advocated an end to the trade embargo with Cuba in place since Fidel Castro consolidated power in the early 1960s. Companies including agricultural equipment maker Deere & Co. and soybean processor Bunge Ltd., along with the federation, the biggest U.S. farmer group, have supported full farm trade.

U.S. agricultural exports to Cuba rose to $221 million in 2016 after three consecutive annual declines, according to U.S. Department of Agriculture data compiled by Bloomberg. Sales so far this year are outpacing last yearís by 19 percent.

Boosting trade with Cuba has symbolic significance for farmers beyond any financial benefit. The country lies only 90 miles (145 km) from Florida, and had traded sugar and grain with its larger neighbor for decades before the embargo.

Read more at Bloomberg

Publication date: 6/19/2017

 


 

Other news in this sector:

2/16/2018 Spring Festival approaches, cucumber prices rise
2/16/2018 World population growth 1 July 2016 - 1 July 2017
2/16/2018 Spanish ports increase horticultural products traffic by 10%
2/15/2018 US (MI): Online tool offers exporting intel to food and ag businesses
2/15/2018 China: Exports of Xinjiang vegetables to Pakistan
2/15/2018 Vietnam: Fruit, vegetable exports up 37% in January
2/15/2018 Ontario and Canada mark Agriculture Day with landmark agreement
2/15/2018 "Trumpís budget proposal is bad news for farmers markets"
2/14/2018 CAN (BC): Minimum wage up again
2/14/2018 Europe: Applications open for EIT Food Accelerator Network
2/14/2018 Belgium: Aubergine acreage BelOrta quickly increasing
2/14/2018 Spain: Murcia hit by frosts
2/14/2018 Uzbekistan aims to triple supply of fresh produce to Russia
2/14/2018 Ontario partners with University of Guelph
2/14/2018 UK food & farming sector highlights impact on home-grown production
2/13/2018 UK: EFRA re-open labour inquiry
2/13/2018 Gaps expected to arise in California broccoli market
2/13/2018 CAN (ON): Incubator uses GF2 funding to give local food businesses a start
2/12/2018 Driver shortage, ELD mandate puts pressure on US trucking industry
2/12/2018 Egypt: Sisi orders to adjust prices of greenhouse products