Taiwan’s government is pushing back against speculation that cheaper U.S. citrus imports could hurt local growers.
Taiwan says a new trade agreement lowering tariffs on American mandarins is unlikely to disrupt the market. The country’s Ag Ministry says U.S. imports account for just one percent of domestic consumption and arrive during Taiwan’s off-season.
They also point to higher prices for imported fruit and say local mandarins still hold an advantage in freshness, flavor, and supply.
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Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
