Mexican Tomato Antidumping Dispute and Ag Sentiment Down for September
From Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**The Fresh Produce Association of the Americas, which represents importers of Mexican tomatoes, recently claimed a study showed tomato prices will rise by an average of 52% if antidumping duties are imposed on imports of Mexican tomatoes.
However, in www.morningagclips.com, the Florida Tomato Exchange’s Michael Schadler says this conclusion is not based on market realities, adding the study completely discredits itself when the author reveals this prediction is based on a “complete removal of Mexican imports from the U.S. market.”
www.morningagclips.com/fpaa-cites-study-with-no-basis-in-reality-to-distract-from-mexican-dumping/
**The August milk margin triggered the eighth consecutive payment for dairy producers who obtained Dairy Margin Coverage for this program year.
August's income over feed margin is $6.46 per hundredweight, with projected DMC payments totaling $120 million.
To date, including the projected August payments, dairy producers have received more than $1.2 billion in much-needed economic support for 2023, and margin forecasts indicate the likelihood of more to come before the end of the calendar year.
**Agricultural producers’ sentiment declined for the second month in a row during September.
The Purdue University-CME Group Ag Economy Barometer fell nine points to 106.
The Current Conditions and Futures Expectations Indices both
declined ten points in September.
Weakening prices for major crops and concerns about high production costs and interest rates weighed on producers' minds this month.
