- Teeltspecialisten Engeland
- Commercial Support Coordinator (32-40 hours)
- Quality Assurance Manager
- Sr Construction Project Manager
- China country manager
- Commercial Key Account Manager
- Agriculture Sales engineer France & European zone
- Area Sales Manager Benelux
- Cultivation specialist / Growers for Amerika
- Tissue Culture Lab / Operations Manager
Top 5 -yesterday
Top 5 -last week
- ‘EU citrus ban due to false codling moth not politically motivated’
- Something sweet out of the bitterness of a citrus season gone awry
- GLOBAL MARKET OVERVIEW GARLIC
- "We have noticed that oranges are losing ground and mandarin consumption is on the rise"
- Consumers are buying more frozen vegetables because they are a healthy cheaper option
Top 5 -last month
- Vegetable trade war between Botswana and South Africa escalates
- Europe puts a lid on organic orange production in South Africa
- Citrus exporter: Appeal to shipping lines met with “an arrogance that astonishes me”
- Faster avocado growing method developed by Israeli researchers
- New potato disease found in North Dakota and Minnesota
Mexican peso falling by 13%
Trump: Are all NAFTA countries created equal?
With Trump's statements primarily directed at America's southern neighbor, Mexico, the country has a lot to lose. NAFTA makes up the backbone of commerce and the United States is Mexico's largest trading partner. According to a 2015 report from the Congressional Research Service, exports from Mexico have increased by 600% since 1993.
This is why it was no surprise yesterday when the Mexican peso saw the largest drop since an economic crisis in 1994, initially falling by 13% when Donald Trump was officially announced president. The peso fell by 8%, with roughly 20 pesos to the dollar, its lowest value against the dollar in history. In comparison, the peso was trading at roughly 13.50 pesos to the dollar just two years ago, before the start of the election campaign.
The stock market in Mexico also fell by more than 2% on Tuesday.
Eswar Prasad, professor of trade policy at Cornell University, stressed to those concerned that they should not forget that 'NAFTA is a multi-nation treaty signed by Congress, changing it "would not be a trivial matter. It's going to be difficult to roll back trade agreements that already exist. Still, Trump could slowly strangle NAFTA by "making life potentially difficult" for firms doing cross-border business"
The next question is, for Canada anyway, are all NAFTA members created equal in Trump's plan to protect American workers? His pledges have targeted Mexico more often than Canada, who is the biggest buyer of US exports, along with being the top trading partner to dozens of American states.
Canada's trade ties with the US, seem to be more balanced and the warning of tariffs and slower growth were met with a shrug by many Canadian trade experts, saying that they largely expect business as usual.
“The range of potential actions that could be taken at the moment is very wide,” said Peter Hall, EDC vice-president and chief economist. “Elections are full of rhetoric. You never know if that’s going to turn into reality, and that’s the big dilemma at the moment. There are 35 US states that count Canada as their top export destination, meaning any trade war with Canada could cost Trump the types of jobs he pledged to save."
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Other news in this sector:
- 2022-09-23 Citrus Growers Association mourns loss of board member Wilmot Simmons
- 2022-09-22 "Private Equity has Food & Flower sector in its sights"
- 2022-09-21 "We need to transform ourselves into managers of the supply chain, thinking beyond the commodity"
- 2022-09-21 US: Specialty crop farms have the highest labor cost as a portion of total cash expenses
- 2022-09-20 "We must get rid of the pricing 'black box'"
- 2022-09-19 Bonduelle mourns death of former chairman Bruno Bonduelle
- 2022-09-15 The Spanish Government approves more than 12 million euro in aid for fruit processing plants affected by the April frost
- 2022-09-12 Dangerous month of September for small and medium-sized agri-food companies
- 2022-09-12 UK: Call to deem food production as 'vulnerable' amid surging energy costs
- 2022-09-09 UK: New Defra farming minister appointed
- 2022-09-08 Ronald van Bilsen is the new Liquidseal sales manager
- 2022-09-08 Researchers propose new framework for regulating engineered crops
- 2022-09-08 Ranil Jayawardena is the new Defra secretary
- 2022-09-01 Australian macadamia industry appoints new CEO
- 2022-08-26 "We need a Europe-wide industry solution for uniform sustainability and climate protection standards"
- 2022-08-26 RSA Group CEO announced as new IFPA Southern Africa chairperson
- 2022-08-26 vegetablesWA welcomes appointment of new CEO Stephen Brown
- 2022-08-25 Asoex presents Iván Marambio, successor to president Ronald Bown
- 2022-08-25 Mexican fruit fly quarantine in portion of San Diego county
- 2022-08-24 "Staff shortages mean eateries can only partly recover after the pandemic"