July Pork Exports Higher and U.S.-India Resolve Last Dispute

**The UN’s Food Price Index averaged 121.4 points in August, a 2.6-point drop from July, reversing the rebound registered that month.

The August drop pushed the index 38 points lower than its peak reached in March of last year.

The overall drop was driven by declines in the index for dairy products, vegetable oils, meat, and cereals, while the sugar price index rose modestly.

**Building on a robust first half of the year, July pork exports continue to outpace 2022 levels.

USDA data showed July pork exports at 219,000 metric tons, up 5% from last year, while export value rose 1% to $628.7 million.

Exports to the top market, Mexico, continued at a record pace.

Through the first seven months of this year, exports were 13% higher than last year.

Beef exports stepped back in July, posting the lowest volume since January.

**U.S. Trade Representative Katherine Tai says the U.S. and India resolved their last outstanding dispute at the World Trade Organization.

India also agreed to reduce tariffs on U.S. products like frozen turkey, frozen duck, and fresh and frozen blueberries and cranberries.

Tai says the tariff cuts will expand economic opportunities for American producers in a critical market and help bring more U.S. products to consumers in India.