New Delhi is single-handedly blocking implementation of a Trade Facilitation Agreement (TFA) that is designed to reduce barriers to trade with the very countries that are the destination for 80 percent of its products.
Irony or Cynicism According to a new report by Levin and Oliver Flake at USDA's FAS, India's agricultural exports have undergone "phenomenal" growth in recent years with developing nations the destination for 80 percent of its products. Meanwhile, New Delhi is single-handedly blocking implementation of a Trade Facilitation Agreement (TFA) that is designed to reduce barriers to trade with those very countries. India's position on TFA is either a cynical attempt to preserve these markets for itself or an ironic act...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...