Opening dairy sector in US FTA could cause 1.03 lakh Cr loss
India and the United States are finalizing an interim trade agreement that could lead to significant tariff reductions—U.S. duties on Indian goods may drop from 26% to below 20%. However, agricultural and dairy sectors remain highly contentious. SBI Research warns that opening up dairy to U.S. products might depress domestic milk prices by 15%, eroding […]
Indo-US Limited trade deal may impact dairy farmers unlimitedly
US economy is struggling to cope with the effects of the pandemic and the trade war with China and Mexico. Trump government is trying to strike a limited trade deal with India to save face during their presidential elections. There has been a sharp decline in dairy prices in US following tariff barriers put up […]