The importance of Mexico's granting full market access to the U.S. potatoes

Published 2022년 5월 19일

Tridge summary

The article highlights a significant development for the potato industry, with the USDA announcing full market access to U.S. potatoes in Mexico, in line with the USMCA trade agreement. This expansion marks a major change from the previous restrictions, which allowed U.S. potato exports only in a narrow border region. In 2021, Mexico was the second-largest market for U.S. fresh potato exports, with a value of $60 million, despite the limitations. The U.S. potato industry anticipates this access could potentially generate $250 million in revenue annually. The first shipment from Idaho, a major potato-producing state, has already been dispatched to Mexico, marking a positive resolution to a years-long dispute and a significant move towards enhancing trade relations between the U.S. and Mexico.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

We have seen a day that the potato industry has long awaited.USDA has announced that Mexico is granting full market access to U.S. potatoes, pursuant to the USMCA trade agreement.Furthermore, Idaho has shipped its first load of potatoes to Mexico under the agreement, according to an announcement by Idaho senator Mike Crapo.Previously the Mexican market was open to U.S. potatoes only along a roughly 16-mile (26-kilometer) area along the two nations’ border.“Mexico is the largest export market for U.S. potatoes and products, valued at $394 million in 2021,” reports the National Potato Council. “Despite the previous restriction to the 26-kilometer border region, Mexico was the second-largest market for fresh potato exports in 2021, accounting for 124,449 metric tons valued at $60 million last year. The U.S. potato industry estimates that access to the entire country for fresh U.S. potatoes will provide a market potential of $250 million per year, in five years.”In the first week of ...

Source: Producebluebook