India Reducing Pecan Tariffs and American Beef Export Records
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**In a development years in the making, the government of India has agreed to reduce its tariffs on pecans imported from the U.S. by 70%.
This decision, according to www.gfb.org, could increase Georgia pecan growers’ access to customers in the nation with the world’s second-largest population.
Georgia is the top pecan producing state and the local industry is valued at $250 million.
The move was applauded by members of Georgia’s congressional delegation.
www.gfb.org/media-and-publications/news.cms/2023/1423/india-agrees-to-cut-tariffs-on-u-s--pecans-by-70-
**Senators Jon Tester, Chuck Grassley, and Mike Rounds reintroduced their “Meat Packing Special Investigator Act” to fight consolidation and enforce the national anti-trust laws.
The bill would create the “Office of the Special Investigator for Competition Matters” within the USDA.
The office would be made up of a team of investigators with subpoena power and would be responsible for preventing anti-competitive practices among large players in the meat and poultry industries.
**American beef exports set records for both volume and value in 2022, reaching 1.47 million metric tons, 2% above the 2021 high.
Export value climbed to a record $11.68 billion, 10% higher than 2021 and 40% above the five-year average.
US Meat Export Federation President, Dan Halstrom says, last year was a groundbreaking year for American beef’s international presence.
