With trade policies unknown, many are worrying the U S will fall behind rfdtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rfdtv.com Daily Mail and Mail on Sunday newspapers.
Photo credit: Getty Images Global trade in food and agricultural products grew by 3.5% last year, according to the WTO, leading to descriptions that the sector was robust and resilient in the face of the worst pandemic in a century. However, a USDA working paper says the impact of the coronavirus was obscured by such factors as the de-escalation of the Sino-U.S. trade war. “Holding other factors constant, our estimates suggest that COVID-19 reduced overall agricultural trade by the approximate range of 5% to 10%, an effect two to three times smaller than our estimated effect for nonagricultural trade,” said the working paper from the USDA’s office of the chief economist.
Collection of Articles: Agricultural Market Response to the COVID-19 Pandemic
Share Article MILWAUKEE (PRWEB) May 19, 2021 In a new theme of articles featured in Choices Magazine, a collection of seven article evaluate the main short-term impacts of the COVID-19 epidemic for key food and agricultural markets and discuss potential longer-term implications. Topics examined include farm income, federal pandemic payments to producers, fruit and vegetables, dairy, livestock, consumer expenditures, and trade.
Articles in this Theme:
Jayson L. Lusk and Brandon R. McFadden
If you are interested in setting up an interview with any of the authors, please contact Allison Ware in the AAEA Business Office.
China’s Safety Requirements Pose Challenge for Food Exporters May 03, 2021
China food safety requirements can cause food shipments to be turned away at the China border.
Processed, consumer-ready foods and beverages such as wine top the list of items that have not met the requirements of Chinese inspectors.
China’s food imports rose 12 percent from 2006 to 2019 as demand for a variety of foods increased.
The number of rejected shipments has declined for exporters from the United States and European Union, but China has increased its scrutiny of food coming from less-developed nations such as Vietnam, India, and Thailand.
Imported foods such as seafood, meat, processed foods, and beverages are becoming more common on China’s supermarket shelves and restaurant tables, creating opportunities for exporters around the world. However, selling these products to China also presents challenges as exporters must comply with standards and food safety regulati