The break the citrus industry needed is likely to come soon as China announced on Tuesday the tariff exemption process that will be effective March 2, 2020. The high tariffs going into China had been a significant impediment for exports, as well as further creating an oversupply situation on the domestic market. Up until a [...]
CCM President Casey Creamer held meetings last week with top trade officials within the United States Trade Representative (USTR) and the US Department of Agriculture (USDA). The messages were simple and clear. We congratulated the Administration on the completion of the Phase One Trade deal with China, but also strongly communicated that the citrus market [...]
On Wednesday, January 29, 2020, President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA). The trade agreement that has now been approved by Mexico and the United States still needs to be approved by Canada. The timing of when Canada will sign the agreement is still unknown.
In last week's edition of the Market Memo, you read that President Trump signed the Phase One Agreement with China. China agreed to purchase at least $40 billion annually over two years of U.S. agricultural products. CCM has been in close contact with our representatives and the United States Trade Representative (USTR) about the seriousness [...]
USDA published its biannual report on U.S. and global trade, production, consumption, and stocks for citrus. The report titled, Citrus: World Markets and Trade document can be found here.
On January 16th the U.S. Senate passed the USMCA Implementing Act/H.R. 5430 by an 89-10 vote. H.R. 5430 will now go to President Trump to be signed into law. The USMCA will go into force 30 days after the president notifies Congress upon Mexico and Canada each taking the necessary measures to comply with the [...]
The Trump administration achieved a significant policy objective on Wednesday when the President and the Vice Premier of China signed the Phase One Trade agreement. As previously noted in previous market memo’s, China has agreed to purchase at least $40 billion annually over two years of U.S. agricultural products. In exchange, the Trump Administration has [...]
The California Citrus Quality Council (CCQC) is contacting the industry to provide information on how to comply with China and Korea export protocols. China Growers should apply a fungicide application of either copper or an approved alternative, to acreage destined for export to China in Districts 1, 2, and 3, with the exception of Imperial [...]
On Tuesday, the Senate Finance Committee approved the US Mexico Canada Agreement by a vote of 25-3. The Senate Budget Committee and Environment and Public Works Committee are expected to vote on the agreement early next week, followed by the Senate Commerce and Senate Health, Education, Labor, and Pensions Committees. Finally, the Senate Appropriations and [...]
On December 19, 2019, the United States House of Representatives passed the United States-Mexico-Canada Agreement (USMCA). USMCA is a signature trade agreement of the Trump Administration and will be extremely beneficial for the California citrus industry. The trade agreement maintains zero tariffs for citrus exports to Canada, a major US market. The agreement also strengthens [...]