ABSTRACT
Reference prices at the farm level for several strategic commodities issued by the Ministry of Trade are generally higher than fair prices to obtain reasonable profits (20-30% of total farming cost). For maize, soybean, and sugar, the reference price is around 2.28%; 14.34%; and 13.40%...
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2013.10.22
7,519
Akihiko Hirasawa
Norinchukin Research Institute co., ltd
1-1-12, Uchikanda, Chiyoda-ku
Tokyo 101-0047 Japan
e-mail: akihiko@nochuri.co.jp
ABSTRACT
Land resource endowment, which is similar among monsoon Asian countries, and income levels are the main causes of...
2019.12.09
1,497
INTRODUCTION
The Korean liquor industry has been growing steadily under the government’s institutional regulations and protective measures. Since the late 2000s, however, the competitive environment has been changing structurally due to changes in consumer preferences such as the opening of...
U.S. President Donald Trump on Saturday ordered sweeping tariffs on Mexico, Canada and China and has threatened duties on goods from other nations, sparking concerns of trade retaliation from countries that import U.S. agricultural goods.
Additional levies of up to 25% on imports from Canada and 10% on Chinese goods are due to take effect as soon as Tuesday.
On Monday, Trump said he had paused a 25% duty on imports from Mexico for one month after Mexico agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, particularly fentanyl.
U.S. consumers could see prices rise for foodstuffs, from meat and dairy products to avocados and fresh fruits and vegetables as a result of tariffs, economists have said.
Retaliation from China, Canada and Mexico would hurt the $190 billion U.S. agricultural export sector. They are the top three markets for American farm products and imported a total of $94 billion in U.S. agricultural goods in 2023.
Retaliatory tariffs during Trump's first term resulted in around $27 billion in lost U.S. agricultural exports, including $25.7 billion in sales to China, according to Rabobank analysts.
Some Chinese soy buyers have rushed to secure U.S. supplies ahead of Trump's inauguration under a looming threat of tariffs.
Read more here.