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NEWS & MEDIA

U.S. ag trade deficit doubles, soybean exports to china down 23%, corn down 67% Posttime: 2024-05-31: The U.S. ag trade deficit continues to grow. USDA is now projecting it will reach $32 billion for fiscal 2024, up from $16.7 billion in FY23. USDAs latest quarterly outlook raised the estimate for U.S. ag imports to $202.5 billion, while the forecast for exports was unchanged at $170.5 billion. Take note: China is projected to drop to third place among U.S. ...

IARI starts sale of imazethapyr tolerant Basmati rice varieties Posttime: 2024-05-23: Pusa Institute has initiated the seed sale of RobiNOweed Basmati Rice Varieties tolerant to Imazethapyr 10% SL for Direct Seeded Rice cultivation. The two basmati varieties tolerant to Imazethapyr are Pusa Basmati 1979 and Pusa Basmati 1985. These two varieties being tolerant to the broad-spectrum herbicide, Imazethapyr 10% SL will be helpful in the effectiv...

China approves first gene-edited wheat in step to open up GM tech to food crops Posttime: 2024-05-20: China has approved the safety of gene-edited wheat for the first time as Beijing cautiously moves forward with commercial growing of genetically modified food crops. China has in the past year ramped up approvals of genetically modified (GM) corn and soybean seeds that are higher-yielding and resistant to insects and herbicide to secure its food security, bu...

Argentina announces fewer taxes for herbicide importation Posttime: 2024-04-12: The Argentina government announced a reduction in taxes for the importation of herbicides, a measure announced by the Minister of Economy, Luis Caputo, aiming to favor agriculture. The changes include significantly reducing tariffs for herbicides formulated with Atrazine, Glyphosate, and 2-4-D. According to the announcement, import tariffs will be reduced fr...

US farmers expect to plant less corn and more soybean acres Posttime: 2024-04-01: Producers surveyed across the United States intend to plant 90.0 million acres of corn in 2024, down 5% from last year, according to the Prospective Plantings report released by USDAs National Agricultural Statistics Service (NASS). Planted acreage intentions for corn are down or unchanged in 38 of the 48 estimating states. Acreage decreases of 300,000 acres...

Mexico temporarily postpones glyphosate ban until substitute found Posttime: 2024-03-29: Mexico is holding off imposing a ban on herbicides containing glyphosate that was set for the end of this month until a substitute can be found in order to maintain its agricultural production, the government said Tuesday. The government added that the search for alternatives continued. A statement from Mexicos government said that the Presidential Decree fr...

EU to place tariffs on imports of Russian and Belarus grain Posttime: 2024-03-26: In a big shift, the European Union is planning to impose tariffs on Russian grain, part of an effort to curb Moscows export revenue and appease European farmers who are angry about imports of cheaper agricultural products. The plan--the blocs first push to restrict food products from Russia during the war--comes amid protests over Ukrainian agricultural impo...

Brazil soybean exports are now double that of the U.S. Posttime: 2024-02-27: Brazils 2023 soybean exports reached a record of 3744 million bushels, up 29% from the previous year as Brazilian production hit a new record. Meanwhile, the United States shipments declined 14% to 1,789 million bushels in the same period. Meanwhile, the United States shipments declined 14% to 1,789 million bushels in the same period. The United States and B...