U.S.-U.K. Trade Negotiations and Senate Focus on COVID Relief
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Significant progress has been made on U.S.-U.K. trade negotiations and the UK believes it’s “in a good position to move forward after the U.S. election,” according to UK International Trade Secretary Liz Truss.
Truss did not outline a specific timeline, but says the two countries just completed their fifth round of talks aimed at securing a trade deal, with the most intensive round of negotiations held so far.
NPPC is supportive of the negotiations, provided the agreement eliminates tariff and non-tariff trade barriers on pork.
**As they approach the halfway point in their harvest, California cotton farmers says the market for the crop may be stabilizing.
Farmers had already reduced cotton acreage due to water shortages and trade uncertainties, when the pandemic further disrupted markets by reducing demand for cotton products.
Farmers say prices have started to rebound a bit, and report a good-quality California cotton crop with better-than-average yields.
**Senate Majority Leader Mitch McConnell believes Congress should approve a COVID relief package before the end of the year, in a shift from previous comments that a measure wasn’t likely until early next year.
For weeks, House Speaker Nancy Pelosi and Treasury
Secretary Steven Mnuchin have been negotiating a possible compromise between the White House’s $1.9 trillion and the Democrats’ $2.2 trillion proposals, but they remain at an impasse.
