Archive for August 26th, 2021

Vietnam to suspend tariffs on US wheat

ARLINGTON, VIRGINIA, US — As part of a bilateral package announced during US Vice President Kamala Harris’ Indo-Pacific trip this week, Vietnam will reduce or eliminate import tariffs on several US commodities, including wheat.

The tariff suspensions are expected to be implemented soon and will help reduce food costs for the Vietnamese people. It also will help make US wheat more competitive in Vietnam’s growing wheat market.

Reacting to the news, US Wheat Associates (USW) said it was grateful to the Biden ...

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Global wheat crop forecast lowered by IGC

LONDON, ENGLAND – Projected global wheat production in 2021-22 has been cut by the International Grains Council to 782 million tonnes, down 6 million tonnes from the group’s July 29 forecast but still up 1.2% from 773 million tonnes in 2020-21.

The Council attributed the cut from last month to smaller projections for wheat production in Canada, Russia and the United States. At 782 million tonnes, the global wheat crop still would be the largest ever.

The 2022 wheat carryover forecast also ...

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