US-Iceland Trade Agreement Boosts Yeast Exports
A recent bilateral trade agreement between the United States and Iceland has reduced tariffs on yeast products (HS Code 2102), leading to a 15% increase in US exports of active yeasts to Iceland in the last quarter.
2023-10-15
Impact: This agreement is expected to strengthen trade ties, with US yeast producers gaining a competitive edge in the Icelandic market, potentially increasing export volumes further.
Icelandic Demand for US Baking Powders Surges
Icelandic food processing companies have ramped up imports of prepared baking powders from the US, citing quality and reliability, with a reported 20% rise in trade volume under HS Code 2102.
2023-09-01
Impact: The surge in demand could lead to long-term contracts for US suppliers, enhancing market share in Icelandโs baking industry.
Supply Chain Disruptions Affect Inactive Yeast Imports to Iceland
Logistical challenges in the North Atlantic have temporarily disrupted the supply of inactive yeasts from the US to Iceland, causing a 10% drop in imports under HS Code 2102 this month.
2023-08-10
Impact: Short-term trade reductions may prompt Iceland to seek alternative suppliers if disruptions persist, potentially affecting US exporters.
