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Weekly Roundups

The Week in Agribusiness: Promises of Better Trade

By Jan Hogewoning | Fri, 12/13/2019 - 16:42

USMCA is inching closer to full ratification. While the treaty is lauded as a positive change to NAFTA, the full impact on Mexican agriculture is yet to be understood.

The US and China have reached significant steps in agreeing to roll back on trade restrictions. The development may prove significant for the upcoming US presidential election as farmers may see their bad luck turn around.

The African Swine fever continues to surface in different parts of the world. Other countries in Europe may soon take a hit.

 

Ready for more? Here are the week’s headlines!:

 

Trade Resolutions

A new version of USMCA is signed in Mexico City by representatives of the Mexico, Canada and the US after negotiators agree to new make changes.

The Mexican Senate approved the revisions to the new deal this Thursday.

The US government has agreed to slowly roll back tariffs, whilest China promises to buy more US agricultural produce.

 

African Swine Fever

African Swine fever has spread to North Sumatra in Indonesia, FAO confirms.

Poland’s agriculture minister has proposed the army and police should be allowed to shoot wild boars in a mass culling to stop the spread of African Sswine fever from spreading in the country.

 

Environment

The US Department of AgricultureDA has released an annual summary showing that more than 99 percent of the samples tested had pesticide residues below the benchmarks of the Environmental Protection Agency (EPA).

According to a report by from the Canadian National Farmers Union, farming needs to change to help save the climate and farmers themselves.

 

Progress and Confrontation

Mexican Minister for of Agriculture and Development, Víctor Villalobos, states that the Mexican agro-sector is the fastest growing production sector in the country.

The global market of drones for agricultural use is expected to grow approximately 30 percent each year reaching US$5.19 billion by 2025.

Farmers protest against the exhibition of a painting showing a feminized version of Mexican revolutionary Emiliano Zapata at the Fine Arts Palace, in Mexico City. The Mexican idol led the peasant revolt during the Mexican revolution.

 

 

 

Jan Hogewoning Jan Hogewoning Journalist and Industry Analyst