USDA Projects 'Excellent Year' for US Soybean Exports
U.S. soybean exports reached record levels during the first quarter of 2021, grossing the second-highest value ever at $7.7 billion, which was nearly double the value of 2020’s first quarter, the U.S. Department of Agriculture Foreign Agricultural Service said June…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
29. USDA attributed the increase to record export volumes and high prices that have been “climbing steadily” over the last year. Volumes also rose because of the “rebound of trade” with China after the removal of certain retaliatory tariffs and the rebuilding of swine herds in the aftermath of the African swine fever. USDA said U.S. soybean exporters should be poised for an “excellent year.”