US eyes easier market access for soybean meal, easier norms on cherries

The US is the third largest global producer of soybean meal and is eyeing newer markets as it faces a significant glut in the supply of soybeans, as the largest one - China - has imposed higher tariff

At a time when India looks to impose higher tariffs on 29 mostly agricultural products from the US, the latter is eyeing market access for soybean meal and easier norms on its cherries, as it battles the fallout of multiple tariff escalation.

"We are looking for market access for American cherries, avocados and soybean meal feed for livestock," said Mark Wallace, Acting Minister Counsellor at the US Department of agriculture. Negotiations on these are on, he hinted.

Overall fruit import from the US remained $872 million in 2017-18 and the identified commodities are expected to cash on greater Indian demand