Value of U.S. Agricultural Exports May Drop; Volume Up

摘要

U.S. farm exports are expected to decline further in fiscal 1983, as large global crop supplies and weak demand keep prices under pressure. After an 11-percent drop in fiscal 1982 to $39.1 billion, this year's exports could fall to about $37-1/2 billion. Record U.S. crops and sluggish economic conditions have driven U.S. commodity prices down. However, because of the appreciating dollar, the lower prices have not stimulated a proportionate increase in foreign demand. With relatively little change in agricultural imports, the agricultural trade surplus is expected to fall to around $22 billion.