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Outlook for U.S. agricultural trade: FY 2013 exports forecast at a record $142 billion;
imports at a record $112.5 billion
Washington DC, USA
February 22, 2013
Fiscal 2013 agricultural exports are forecast at a record $142 billion, down $3.0 billion
from the November forecast, but $6.2 billion above final fiscal 2012 exports. Grain and
feed exports are forecast down $4.3 billion mostly on reduced corn prospects. Oilseed
exports are up $1.0 billion due to strong soybean meal and oil shipments. Cotton
exports are forecast up $400 million, primarily due to greater import demand from
China. The forecast for livestock, poultry, and dairy is up $300 million with greater beef
and poultry exports outweighing lower pork shipments. Horticultural exports are
unchanged at a record $32 billion. Sugar and tropical products are forecast down $300
million on lower expected exports to Canada and Mexico.
Full report at http://www.ers.usda.gov/media/1038778/aes77.pdf
More news from: USDA - ERS (Economic Research Service)
Website: http://www.ers.usda.gov/ Published: February 22, 2013 |
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