FAS Forecasts FY 2011 Agricultural Exports of $113B
on August 31, 2010, the Economic Research Service and Foreign Agricultural Service issued their "Outlook for U.S. Agricultural Trade". They state that fiscal year 2011 agricultural exports are forecast at $113 billion, up $5.5 billion from the revised 2010 forecast.…
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Much of the increase is due to greater grain and feed shipments, (up $4.3 billion from the revised 2010 forecast) due to sharply reduced competition from Russia, Kazakhstan, and the Ukraine. Horticultural exports are forecast up $1.7 billion from 2010 on strong demand from Canada, the EU, and Asian markets. Increased livestock and poultry product exports are expected to more than offset slight declines in dairy product exports. Cotton exports are forecast up significantly with larger domestic supplies and less export competition. The only major category expected to fall is oilseeds, due in part to increased competition from South America.