Announcements

Job offersmore »



Tweeting Growers

Top 5 - 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:

4/20/2018 Future of CAP: Equality throughout the chain
4/20/2018 Germany: Hungarian-grown Turkish pepper varieties
4/19/2018 Turkey: Free electricity for 7,500 growers in Antalya
4/19/2018 Morocco, Spain's main supplier of fruit & vegetables
4/19/2018 South Africa: Saving the Philippi Horticultural Area
4/19/2018 UK: Herb growers face economic challenges
4/19/2018 Ten farms accounting for 10 percent of Dutch greenhouse vegetable area
4/18/2018 "Difficult start to Dutch bell pepper season due to large domestic and Spanish production"
4/18/2018 Bicoloured pepper in Chinese supermarket
4/18/2018 "Consumer behavior is changing drastically"
4/18/2018 Swiss consumers want sustainability and regional goods
4/17/2018 European Commission to ban unfair trade practices in food supply chain
4/16/2018 "Greenhouse construction in its infancy"
4/16/2018 Domestic lettuce starts the move from Florida to California
4/16/2018 Concentration organic operations made visible
4/16/2018 Albania is Europe's secret treasure
4/16/2018 France: "Consumers prize famous import products"
4/16/2018 Spain: Horticultural oversupply causes prices to plunge
4/16/2018 China: "Greenhouse blueberries enter the market"
4/16/2018 South Korea: Consumption and export of bell peppers increasing