(Bill Tomson – AgriPulse)
Speed is of the essence when it comes to renegotiating the North American Free Trade Agreement, a panel of witnesses told the House Agriculture Committee today. That’s because the uncertainty surrounding the overhaul has some importers – mostly in Mexico – turning to other suppliers to get the chicken and grain they need.
Corn, sorghum and barley exports to Mexico are down about 7 percent as buyers there begin purchasing more from South American suppliers and the situation will get worse if the NAFTA negotiations become protracted, Floyd Gaibler, a director at the U.S. Grains Council, told lawmakers.
Much of the uncertainty that is shaking importers originates from the White House. President Donald Trump has repeatedly threatened to just pull the U.S. out of NAFTA and that has importers worried, Gaibler said. Click here to read more.