May 2, 2024 | 04:38 GMT +7
Hotline: 0913.378.918
May 2, 2024 | 04:38 GMT +7
Hotline: 0913.378.918
US soybean exports are projected at US$27.4 billion in the fiscal year 2021. Photo: TL.
The US agriculture exports are projected to hit a record US$157 billion this fiscal year 2021 thanks to higher oilseed and grain export forecast.
According to the Industry and Trade Information Centre under the Ministry of Industry and Trade, on February 18, 2021, the US Department of Agriculture (USDA) forecast the US agriculture exports at US$ 157 billion, up US$5 million from the November 2020 forecast.
USDA said that the record agriculture exports are driven by higher oilseed and grain export forecast. Specifically, in the fiscal year 2021, US soybean exports are projected at US$27.4 billion, marking an increase of US$1.1 billion compared with the November forecast as China is having a strong demand for US soybean and soybean price is increasing. During the fiscal year 2020, the US earned US$17.87 billion from exporting soybean.
US corn exports in the fiscal year 2021 are expected to reach US$14 billion, up US$800 million from the November forecast. Last fiscal year, US corn export value was US$8.21 billion.
US wheat exports in the fiscal year 2021 are expected to reach US$6.9 billion, up US$700 million from the November forecast. Last fiscal year, US wheat export value was US$6.25 billion.
According to the USDA, US agriculture imports are projected at US$137.5 billion in the fiscal year 2021, up US$500 million from the November forecast. Last fiscal year 2020, the US spent US$133.22 billion importing agriculture products.
So, in the fiscal year 2021, the US is projected to have a trade surplus of US$19.5 billion.
Translated by Bich Huong
(VAN) At UNGA-ECOSOC event, FAO Deputy Director-General emphasizes the key role of anticipatory action in protecting and equipping communities ahead of shocks.
(VAN) Despite protein reduced poultry feed – better performance parameters and less burden for the environment!
(VAN) The increased yields of a hybrid rice strain developed in China have helped countries participating in the Belt and Road Initiative to bolster their food security.
(VAN) The U.S. government said it is collecting samples of ground beef at retail stores in states with outbreaks of bird flu in dairy cows for testing, but remains confident the meat supply is safe.
(VAN) Early tests of pasteurized milk–purchased at grocery stores in areas with cows that have tested positive for H5N1–suggest that it is not infectious and wouldn’t be able to make people sick, FDA said.
(VAN) 'The new rules prohibiting free range make organic production impossible,' the Union said.
(VAN) Like a lot of other input costs, inflation proves to be another factor affecting how much farmers pay for fertilizer.
