When it comes to trade with China valley growers are watching closely.
By: Kaile Hunt, YourCentralValley.com
Posted: Dec 03, 2018 07:48 PM PST | Updated: Dec 03, 2018 07:48 PM PST
Ryan Jacobsen is the CEO for Fresno County Farm Bureau. He says farmers across the central valley were hit hard when dealing with the tariffs.
“The California Ag products were hit very disproportionately when it came to this trade tariff war with China,” says Jacobsen. “There are so many commodities that we do produce in California that does end up in foreign markets.”
In April China added a tariff on steel and aluminum and then in July, they added another one on agricultural products.
Jacobsen hopes a new agreement with China could stop the trade war.
“That uncertainty can cause a lot of turmoil in the market so with the truce that we see that’s going to calm things down,” says Jacobsen. “Hopefully allow these orders to start generating here within the next coming weeks.”
Richard Matoian is the Executive Director for American Pistachio Growers in Fresno. He says China is their number one export.
“So that part of the world is very important for us,” says Matoian. “The announcement of tariffs had a chilling effect on sales to that particular part of the world.”
Matoian says the last 10 years pistachio sales to China went from 5 million pounds to 200 million pounds.
“With China being our number one export country, any increase in tariff’s can have a detrimental impact on our sales,” says Matoian. “We want to make sure that we keep that market open.”