Items Tagged with 'G7'

The war rages on, but Ukraine is already looking ahead to the task of rebuilding the country, and a new estimate from the Kyiv School of Economics indicates the agriculture sector has already suffered $27.6 billion in damages.

Russia is doing whatever it can to stop Ukraine from supplying some of the poorest nations with its wheat, corn and sunflower seed oil, effectively using “hunger as a weapon of war,” U.S. Agriculture Secretary Tom Vilsack said during his participation at the G7 summit this weekend in Germany.

Ag ministers for the Group of Seven nations this weekend pledged action to counter the rising cost and scarcity of fertilizer, said U.S. Agriculture Secretary Tom Vilsack, who was at the meeting in Germany.

U.S. Agriculture Secretary Tom Vilsack says Canada’s second proposal for changing its tariff rate quotas for U.S. dairy is unacceptable and the Canadians must make key changes for the U.S. to agree to a resolution of the dispute.

Amid growing concerns about the impact of the war in Ukraine, the G7 ag ministers have joined the UN Food and Agriculture Organization in urging countries not to protect their own food supplies by restricting exports.

The U.S. and China are set to begin trade talks again after a tumultuous week of tension-escalating threats of new tariffs and tariff-rate increases that roiled international markets and alarmed the U.S. ag sector.

U.S. and Japanese negotiators have reached an “agreement in principle” on a trade deal that would lower Japan’s tariffs on U.S. agricultural commodities and spare Japan from threatened U.S. industrial tariffs, sources — confirming reports out of Japan — tell Agri-Pulse.