USDA’s Foreign Ag Service is back from a trade mission to Peru, looking to open more doors for U.S. farmers.
Ag leaders from Maryland were on hand and said they are excited for opportunities around specialty crops.
“With the GDP growing here, and the quickly increasing middle class, we do see an opportunity for value-added products and consumer-oriented goods. Maryland is historically a rye whiskey-producing state, and a couple of discussions that we’ve had here indicate that there is an opportunity for diversification in that market here,” said Maryland Agriculture Secretary Kevin Atticks.
Montana ag leaders were also on the trip, and they have their eye on Peru’s use of lentils and the opportunities for pulse processing facilities in the country.
USDA’s February WASDE report, analysts expect minimal price movement as grain stocks remain steady. Traders weigh renewed Chinese soybean purchases, South American weather, acreage shifts, and upcoming USMCA trade talks.
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