"The strength of the U.S. dollar has not only hurt dairy exports, but overall competitiveness of U.S. agricultural exports, which have been lower compared to past years," noted Sharon Sydow, senior economist in USDA's Office of the Chief Economist. "However, we are seeing some improved trade and price projections. There is some light at the end of the tunnel, but we may not be out of the woods yet," she said.
Regarding trade agreements, Sydow noted that the administration remains very committed to the Trans-Pacific Partnership (TPP) agreement. "I think the TPP is a good outcome for dairy," said Sydow in sharing comments on her upcoming Thursday, October 6, presentation at the 50th World Dairy Expo.
"I know dairy might have wanted more in terms of market access. However, there are new market openings for U.S. dairy in key markets such as Japan and Canada, and implementation of those commitments will be closely monitored. Moreover, this agreement goes further with respect to food safety and sanitary regulations, organic equivalence, and other issues important to U.S. agriculture," she noted. She also explained that geographical indications (GIs) are a key priority. "TPP provides a process for producers to preserve their rights to use common names."
To register for Sydow's free October 6 presentation at World Dairy Expo, sign up by September 30 at on.hoards.com/WDE_GDS.
September 19, 2016