agricultural products
Coverage of agricultural products in the Nexus archive.
- Mexico’s inflation falls to its lowest level since 2020
Mexico's inflation rate fell to 3.10% in early July, the lowest since December 2020, driven by declines in agricultural products like tomatoes. Core inflation rose slightly to 3.95% annually, while the Bank of Mexico noted continued moderation for eight consecutive fortnights.
- US announces trade deal with Jordan
US and Jordan announced a trade deal to remove barriers for US exporters and expand market access for critical industries. Jordan will remove non-tariff trade barriers and expand access for US goods, including agricultural products and motor vehicles. The announcement comes amid renewed Iranian strikes on Jordan that killed two US military personnel.
- Inflation falls to 3.37%, just above Banxico’s target
Inflation in Mexico fell to 3.37% in June 2026, the lowest level in over five years, driven by declining agricultural and fuel prices. This marks the third consecutive monthly decline, with core inflation also decreasing to 4.03%. Analysts attribute the drop to supply normalization and government-producer price agreements.
- US, China trade dynamic stabilizes
The US and China are reducing tariffs on each other’s agricultural products, potentially increasing China’s soybean purchases from the US. The trade relationship has stabilized, shifting trade concerns to Europe’s struggle with Chinese exports.
- China and US Target Tariff Reductions on Agricultural Products
China and the US aim to reduce tariffs on agricultural products. Soybean futures in the US fell after President Donald Trump threatened additional tariffs on China and stated there was 'no reason' to meet with Chinese President Xi Jingping.
- Ghalibaf rejects US claim that Iran's unfrozen assets will be spent on US goods
Iran's top negotiator Mohammad Bagher Ghalibaf rejected U.S. claims that Iran's unfrozen assets will be used to purchase U.S. agricultural products. U.S. Treasury Secretary Scott Bessent and President Donald Trump made the claim, to which Ghalibaf responded with a sarcastic remark about U.S. exports and mistrust.
- Iran says it has no obligation to buy US produce
Iran's central bank governor stated that according to the agreement with the United States, the first $6 billion of released funds can be used for basic goods and medicine, not specifically U.S. agricultural products. Iran claims no obligation to purchase U.S. produce and will consider American goods only if they are more competitive in price and quality than alternatives.
- Trump says released Iranian assets will return through food purchases
US President Donald Trump claimed that Iranian funds released under recent agreements will be used to purchase food from the United States, benefiting American farmers. Iran's central bank governor countered that Tehran is not obligated under existing agreements to buy agricultural products or inputs from the US.
- Trump struck a deal for China to buy $17B a year in US ag products. Farmers are skeptical
The White House claims China committed to buying $17 billion in U.S. agricultural products annually for three years, but Beijing has not confirmed the figure. Farmers and agricultural groups express skepticism, citing past trade disputes and current market pressures.
- Trump struck a deal for China to buy $17B a year in US ag products. Farmers are skeptical.
The White House claims China committed to buying $17 billion in U.S. agricultural products annually for three years, but the Chinese Embassy has not confirmed the figure or timeframe. American farmers and agricultural groups remain skeptical due to past trade disruptions and current market challenges.