India Tariffs on Almonds and Walnuts and Farmers Slam WOTUS Modifications
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**India has formally removed retaliatory tariffs on some U.S. farm products that made almonds and walnuts from California less competitive.
Duties on almonds, walnuts, apples, chickpeas and lentils were lifted Sept. 6.
Almond exports to India alone represent 46% of all U.S. agricultural exports.
The Indian tariffs were a response to 2019 U.S. tariffs on steel and aluminum.
**After the U.S. Supreme Court set boundaries for what bodies of water the federal government can regulate, some farm groups say they’re disappointed a revised rule fails to bring clarity and certainty to agricultural landowners.
The EPA and the Army Corps of Engineers issued a final, modified WOTUS rule last month that took effect last week.
Farm groups had hoped the Biden administration would instead scrap its existing rule altogether and write a completely new one.
**USDA released the September World Agricultural Supply and Demand Estimates report that calls for slightly larger supplies and ending stocks.
Projected beginning stocks for 2023/24 are five million bushels lower, and corn production is forecast at 15.1 billion bushels, up 23 million from last month.
Ending stocks are up 19 million bushels to 2.2 billion.
The season-average corn price is unchanged at $4.90 per
bushel.
