Even a 30-day disruption to China’s dairy supply chain can have lasting, months-long effects. With the region crippled by coronavirus quarantines and no clear end in sight, dairy organizations look to offset the losses.
US President Donald Trump is due to visit India next week, and early reports speculated the announcement of a new trade deal between the two nations. Trump now anticipates a ‘big deal’ later this year.
The US-China trade deal has lowered trade barriers for the US in areas such as the infant formula sector, but industry observers remain conservative on the potential benefits, citing unanswered questions in how the deal would actually work and international...
At the International Dairy Foods Association’s (IDFA) Dairy Forum this week, president and CEO Michael Dykes spoke of the challenges facing US dairy, including product innovation, milk bankruptcies and setting the industry up for a sustainable future.
Now the world’s two most powerful economies have signed the first installment of a trade deal, much more still needs to be done to eliminate retaliatory tariffs and non-tariff barriers for American dairy exports to China.
Over the weekend, US president Donald Trump put into effect a new round of tariffs on Chinese goods, while the US Dairy Export Council (USDEC) visited Chinese officials to preserve its relationship with China.
The US is close to passing a landmark $867bn farm bill after months of negotiation and compromise. It has already passed the Senate and the House and is expected to be signed into law by President Donald Trump within the coming days.
The National Milk Producers Federation (NMPF) sent a letter to US Agriculture Secretary Sonny Perdue analyzing the federal dairy aid package the US Department of Agriculture (USDA) announced over the summer. An eventual $12bn payout is aimed at helping...