Agro

Trans Pacific Partnership: What Does the Future Hold for the US Agro Industry?

Not many imagined that the United States would back out from a partnership that they themselves rigorously negotiated throughout 2016. Recently (with President Trump), America has actually backed out from a trade pact called Trans Pacific Partnership (TPP), which was being negotiated among 12 countries: the United States, Canada, Mexico, Peru and Chile in the Americas, and Japan, Australia, Vietnam, Malaysia, Singapore, Brunei and New Zealand in Asia-Pacific. These countries together contribute to 40% of the world’s GDP. TPP cannot be considered as “just” a trade agreement, as it also covered many other components like environmental commitments, intellectual property obligations, anti-corruption measures, protection of human rights, control of child labor conditions and other issues. It was also considered a balancing measure by many members for their one-sided relationship with China by re-engaging through the United States as a trading partner. As a result, Trump’s withdrawal has sent shockwaves through those who had pinned their economic hopes on this deal.

Pectin Market Squeezed by Citrus Supply

Over the past 3 years, the price of pectin products has risen by an average of 70 percent, due to a marketplace shortage of its key raw material, citrus peels. So what’s in store for buyers this year? What products can serve as potential alternatives?

Slave Labor Claims Restrict Sweetener Imports into U.S.

The United States, earlier this year, introduced a bill prohibiting imported goods produced by forced labor—slavery. Under the new law, Stevia, produced by Chinese company PureCircle, has been banned because the company is alleged to have sourced the Stevia rebaudiana plant (from which the sweetener is extracted) from a company accused of using forced labor.

Unlocking the Brazilian Cassava Market’s True Potential

Grown in Brazil, Cassava is a food staple due to its reliability to produce tubers. (Similar to a root, tubers help the parent plant by keeping food available for the future. The plant uses this stored energy to get through tough times or to support new shoots, thereby ensuring that the species survives even if the parent plant dies off.)

© Copyright GEP 2017. All rights reserved.