News & Events
Japan is one of the largest and most loyal markets for U.S. feed grains, often the top purchaser of U.S. corn as well as an important buyer of U.S. sorghum, barley and distiller’s dried grains with solubles (DDGS). Since opening an office there in 1961 - just one year after the organization’s founding - the U.S. Grains Council (USGC) has worked closely with Japanese grain buyers and end-users to develop their industry to serve increasing demand for meat, milk and eggs. Today, that work is led by Tommy Hamamoto, who discusses the priorities for his office here.
The Executive Management Committee of CAMEX, Brazil’s Chamber of Foreign Trade, announced Tuesday a 30-day delay of a decision on a pending proposal to impose a 20 percent tariff on U.S. ethanol imports. The proposal would allow 500 million liters (132.1 million gallons) annually of U.S. ethanol imports before triggering the tariff.
The following is a joint statement on this action from U.S. Grains Council (USGC) President and CEO Tom Sleight, Renewable Fuels Association (RFA) President and CEO Bob Dinneen and Growth Energy CEO Emily Skor:
India’s new tax structures for 1,200 goods and 500 services, in place as of July 1, are intended to simplify the country’s complex and hard-to-administer tax code but could have mixed effects on imports of U.S. ethanol.
The 2017 U.S. Grains Council (USGC) trade team season is in full swing with more than two dozen teams from around the world scheduled to traverse U.S. farm states throughout the summer and fall.
The Office of the U.S. Trade Representative announced this week it would begin a reexamination of the U.S.-Korea Free Trade Agreement (KORUS) by formally notifying South Korea the United States will call a special joint committee meeting to discuss the trade agreement and consider changes.
Chart of Note
U.S. exports of distiller’s dried grains with solubles (DDGS) to Southeast Asia have increased 16 percent so far this marketing year, according to data from the U.S. Department of Agriculture (USDA) and analysis by the U.S. Grains Council (USGC).