WASHINGTON, D.C. (RFD News) — The United States and India are meeting this week to finalize details of an interim trade agreement and continue broader bilateral trade negotiations.
India’s Commerce Ministry says the talks build on a February framework reaffirming both countries’ commitment to pursuing a larger trade deal.
The U.S. chief negotiator is meeting with his Indian counterpart through Thursday.
The meetings follow Secretary of State Marco Rubio’s recent visit, where India signaled plans to purchase $500 billion in U.S. goods over the next five years.
Negotiators are focusing on market access, tariffs, investment and economic security.
Meanwhile, India’s rice exports are slipping as conflict in the Middle East disrupts shipments of premium basmati rice to Gulf nations.
Reuters reports exports fell more than one percent during the first quarter, while basmati shipments declined seven percent.
Exporters say cargo delays, rising freight costs and instability surrounding the Strait of Hormuz are slowing trade with major Middle East buyers.
India remains the world’s top rice exporter, supplying more than 40 percent of global demand.
Both imports and exports are moving through the Panama Canal at a slower pace as the ag industry continues to deal with drought-related restrictions.
December 26, 2023 02:51 PM
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Brazilian soybean producers are shelling out a lot more on input costs than U.S. farmers, according to a new study. However, while Midwestern producers are paying less for inputs overall, many of those costs are inflating at a faster rate.
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Shaun Haney, host of Rural Radio Channel 147’s Real Ag Radio, joined us Friday on Market Day Report with an update on the important vote involving the use of ag machinery in Canada.
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The FAO Food Price Index for October 2023 is out. Where do global food prices stand, and which categories saw the largest gains?
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Gov. Sarah Huckabee Sanders spoke with RFD-TV’s own Susan Alexander this Monday morning on the Market Day Report to explain Arkansas’s recently passed giving lawmakers greater authority to sanction foreign ag-land ownership within the state.
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Researchers out of the United Kingdom are using gene editing technology to help make High-Path Avian Flu less of a threat to poultry.
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