A statement from Ryan LeGrand, president and chief executive officer of the U.S. Grains Council (USGC):
“The U.S. Grains Council is pleased to hear the United States and Japan have made their trade agreement official, after the Japanese Diet ratified it earlier in the day and it is expected to go into effect on January 1, 2020.
“The agreement solidifies trade with our second largest corn market, immediately reduces U.S. corn and sorghum imports for all purposes to a zero-tariff level, reduces the U.S. barley mark up and includes a staged tariff reduction for U.S. ethanol and U.S. corn, barley and sorghum flour. In addition, U.S. feed and food corn, corn gluten feed, and DDGS will continue to receive duty-free market access.
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