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Through its phased-in tariff reductions, the agreement will raise challenges for U.S. products including wine and spirits, cotton, pulses and beans, forest products, and tree nuts.
Improving international prices have eased the financial pressure exerted by the COVID-19 pandemic on the sugar sector, but inflationary concerns have led the government to include sugar among the products with import duties reduced to zero percent for a one-year period.
Post forecasts increases in wheat and corn production for the 2022/23 marketing year.
Serbia is closely following the impact of the Russian-Ukrainian crisis, especially because 80 percent of Serbia’s grain exports travel to the world via Black Sea ports.
Colombian raw sugar production is estimated to slightly decrease to 2.35 million metric tons (MT) in marketing year (MY) 2019/2020, with no changes in MY 2020/21.