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Business Times
04-06-2025
- Business
- Business Times
US efforts to boost crop sales to Asia bear fruit in Vietnam
[SINGAPORE] US efforts to increase exports of agricultural products to Asia, excluding China, look to be bearing fruit, with Vietnam pledging to buy more American goods to strengthen trade ties with Washington. Hanoi is expected to sign deals with Washington to purchase more than US$2 billion worth of agricultural, forestry and fishery products, according to a statement posted on the Vietnamese government's website. The nation has vowed to increase buying of American goods, and offered to remove all tariffs on US imports to secure a trade deal and avoid high tariffs. The South-east Asian nation is already scooping up more grains from the US, especially corn, as shipments have become more attractive than South American supplies. The development comes at a time when demand from China has collapsed following trade tensions between the world's two biggest economies. A 50-member delegation led by Do Duc Duy, Vietnam's agriculture and environment minister, is in Iowa to sign five memorandums of understanding between the Vietnamese feed industry and private American companies, the Iowa Corn Growers Association said in a post on its website. 'This event showcased an increased commitment from Vietnam to purchase more agricultural products and reinforce the strong partnership between our countries,' Ralph Lents, president of the Iowa Corn Promotion Board, said in the statement. Two of the MOUs, covering the export of 900,000 tonnes of US corn and 250,000 tonnes of dried distillers grains, or DDGS, have already been signed, the association said. Vietnam is seen importing 12.7 million tonnes of corn in the 2025 to 2026 season, making it the world's third-largest buyer of the corn, according to data published by the US Department of Agriculture. The country imported about US$1.2 billion in American bulk farm commodities in 2024, according to the USDA. BLOOMBERG
Yahoo
21-04-2025
- Climate
- Yahoo
Planting underway across Iowa, some farms impacted by storms last week
Spring planting is underway in Iowa. (Photo courtesy of Iowa Corn Growers Association) Iowa farmers made headway planting corn, soybeans and oats early last week, but were slowed by storms that caused destruction in southwest Iowa, according to the Iowa crop progress and condition report. The report, covering April 14 through April 20, shows Iowa has 68% of oats planted, 18% of corn and 11% of soybeans. Planting rates for all three of these crops are ahead of the five-year average. Topsoil and subsoil moisture conditions improved slightly from the week prior, though both have more than 60% rated as adequate moisture. Soil moisture conditions are slightly better than last year at this time. Soil temperatures measured at a depth of four inches show the ground has warmed up, with most counties measuring in the upper 40s to low 50s. Other field activities for the period included tiling, building waterways and spraying. Iowa crop progress and condition reports are released weekly by the U.S. Department of Agriculture's National Agricultural Statistics Service during planting season and through harvest season. Average precipitation for April 14-20 was 0.35 inches across the state, though several areas measured more than an inch and up to nearly 2.5 inches following thunderstorms April 17. Some counties observed hail as large as 4 inches during the storms and two tornadoes touched down, one in Fremont County near Tabor, and the other moved across Fremont and Page counties. According to State Climatologist Justin Glisan, hail and wind damage was reported in Sioux City, Storm Lake and Waverly, in addition to the counties that saw tornadoes. Gov. Kim Reynolds issued a disaster proclamation, in response to the severe weather, for Buena Vista, Fremont, Page, and Plymouth counties. The proclamation opens up state resources to respond to the damages and gives eligible Iowans 45 days to apply for the Iowa Individual Assistance Grant Program to help with associated repairs and other costs. Iowa Secretary of Agriculture Mike Naig visited some of areas hit by the storms. 'I visited southwest Iowa over the weekend, where I saw firsthand some of the damage caused by the tornadoes and large hail,' Naig said in a statement. 'My heart goes out to all the Iowans who were impacted by these storms.' Precipitation predictions for the coming week suggest Iowa will have above average rainfall across most of the state, which Naig said might slow spring planting progress as it did the week prior. 'While more delays may occur, the rain will help replenish soil moisture, which would be a welcome development in many areas,' Naig said. SUPPORT: YOU MAKE OUR WORK POSSIBLE
