U.S. pet food has been identified as a high-potential agricultural export. Pet food exports have been increasing by an average 8 percent per year and probably higher if Covid’s impact on 2020 is excluded. There are several reasons for this dynamic:
Pet food is a rich world concept, and the U.S. had a head start on its product development. The U.S. is highly competitive on the inputs used in its production. Many countries have higher border measures impeding imports of the inputs but had no historical experience to impose barriers to the finished products.
Tree nuts are another example where U.S. exports benefit from relatively fewer import barriers due to dominance in both production and exports. ...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
