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Shining Light on Farm & Food Policy for 20 Years.
Friday, September 27, 2024
India says its latest ban on rice exports is an effort to fight domestic food inflation, but the U.S. rice sector says the measure will add large quantities of cheap grain to the international market and push down prices that American farmers get for their crop.
Prospects for moving a farm bill anytime soon are anything but improved with the director of the Congressional Budget Office telling lawmakers he can’t add staff to work on the legislation.
Russian attacks inflicted severe damage on key grain-exporting ports in Odesa this week, and Moscow is threatening ships in the Black Sea, a primary route for Ukrainian grain exports.
A lawmaker who’s close to House Speaker Kevin McCarthy, R-Calif., says Republicans are trying to work through potentially thorny issues with the farm bill before it gets to the floor.
There were fears that even though U.S. ag exports to China were rising after the countries agreed to a trade war détente during the Trump administration, the U.S. might never recover its pre-trade war share of China’s imports.
United Nations officials on Monday lamented Russia’s decision to effectively terminate the Black Sea Grain Initiative by pulling out of the deal, but also said they will continue to fight to revive the UN-brokered agreement.
United Nations Secretary General Antonio Guterres confirmed Monday that Russia has pulled out of the Black Sea Grain Initiative, ending the ability of Ukraine to ship grain through its Odesa ports.
The House is approaching another partisan face-off, this time over funding the government for the next fiscal year, after Republicans narrowly won passage of a defense authorization bill last week.