A trade team from Taiwan visited Iowa last week and signed letters of intent to purchase $2.8 billion worth of U.S. grains over the next two years. The deal includes corn, soybeans, wheat, and the ethanol co-product distillers dried grain with solubles (DDGS). Iowa Corn Promotion Board (ICPB) Director Mark Heckman signed the letter of intent between ICPB and the …
Brazil Tweets Tariff Decision
A tweet from Brazilian Minister of Agriculture, Livestock and Supply Blairo Maggi late yesterday afternoon informed the world that Brazil’s foreign trade chamber has approved a 20 percent tariff on U.S. ethanol imports after a 600 million liter tariff rate quota. The Renewable Fuels Association (RFA), U.S. Grains Council (USGC) and Growth Energy issued a joint statement on the decision. …
Commerce Dept Finds Unfairly Subsidized Biodiesel Exports
The preliminary determination of the U.S. Department of Commerce is that exporters of biodiesel from Argentina and Indonesia did receive “countervailable subsidies” and may allow for collection of retroactive duties. “The U.S. values its relationships with Argentina and Indonesia, but even friendly nations must play by the rules,” said Commerce Secretary Wilbur Ross. The department determined that both countries subsidized …
Perdue Remarks on Bilateral Talks in Mexico
While meeting with Mexican Secretary of Agriculture José Calzada Rovirosa, U.S. Secretary of Agriculture Sonny Perdue today held a teleconference for U.S. media. The two leaders engaged in bilateral talks, including a panel discussion with U.S. and Mexican producers, several agricultural site visits, and a joint press conference – seeking to build on the U.S. and Mexico’s well-developed track record …
Biodiesel Industry Files New Claim Against Argentinian Imports
The National Biodiesel Board (NBB) Fair Trade Coalition has filed a new allegation with the U.S. Department of Commerce claiming that “critical circumstances” exist with respect to imports of biodiesel from Argentina. The “critical circumstances” provision in antidumping and countervailing duties laws allows for the imposition of duties on imports that enter the United States prior to preliminary determinations of …
Mexico Important Trading Partner for Corn
Nebraska Governor Pete Ricketts asked grain industry officials from Mexico and the United States join him Tuesday for a press conference to highlight the importance of Mexico to U.S. agriculture and how the North American Free Trade Agreement (NAFTA) has benefited both countries. “Bilateral trade with Mexico has helped grow agriculture in our state over the years,” said Governor Ricketts. …