May 6, 2025 | 16:41 GMT +7
May 6, 2025 | 16:41 GMT +7
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International trade in agricultural products thrive with stable and predictable rules adhered to by governments. Photo: Canva.
International trade in agricultural products thrive with stable and predictable rules adhered to by governments, as a publication by the Agricultural Market Information System showed earlier this month.
The trade war is a source of great concern within world trade negotiations, from which the American government has previously distanced itself. China and Canada have already registered complaints at the world trade talks about the trade measures taken by the US.
Within the WTO consultations, many countries have emphasised the importance of resolving trade conflicts through dialogue and cooperation within the WTO framework.
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The imposition of tariffs by the US has provoked reactions from several trading blocs. For example, the European Commission decided to impose additional levies on – among other things – corn, rice, wheat, vegetable oils, poultry meat and beef, fruit, vegetables, nuts, eggs, dairy and sugar from the US.
Within the US, the Department of Agriculture has allocated US$10 billion to support agriculture as it faces higher prices and market uncertainties.
The Association of Southeast Asian Nations (ASEAN) states that it is important that international trade rules are respected, partly because of the importance of the food sectors and agriculture.
The WTO’s Global Trade Outlook and Statistics shows that prices played a small role in the value of global agricultural trade growth last year. Trade in agricultural products rose 3% in value, roughly equal to the 4% global increase in the average price of agricultural products in US dollars, according to World Bank statistics. This price increase was mainly a result of higher prices for coffee, tea and cocoa, which rose by an average of 64% last year. Excluding coffee, tea and cocoa from the statistics, prices fell by 8%, which may have increased trade in most agricultural products.
(Poultryworld)
(VAN) Seafood exports in April 2025 recorded growth across many key markets but were under pressure in the U.S. due to tariff policies and competition from alternative suppliers.
(VAN) Vietnam is currently the 4th-largest seafood supplier to Singapore with the highest market share in the chilled/frozen fish fillet and fish meat segment.
(VAN) The Institute of Policy and Strategy for Agriculture and Environment has recently forecast three scenarios regarding the impact of U.S. tariffs on agricultural, forestry, and fishery exports.
(VAN) World wheat trade is expected to decline significantly. The US Department of Agriculture (USDA) expects wheat trade to shrink as much as 9% in the current 2024/2025 season compared to the previous season.
(VAN) Son La province is gradually addressing key challenges regarding issuance of planting area codes, improving the quality of packing facilities, and modernizing logistics infrastructure, to achieve the goal of formal and large-scale agricultural exports.
(VAN) Nations that export rice to the United States were among the hardest hit by new tariffs announced April 2, including the country’s top rice-trading partner: Thailand.