Outlook for U.S. Agriculture Trade. FY 2008 Records Forecast: Exports Raised to 108.5 Billion; Imports Increased to 78.5 Billion

摘要

Fiscal 2008 agricultural exports are forecast at $108.5 billion, up $7.5 billion from Februarys forecast and $26.6 billion above 2007. Grains and animal products account for two-thirds of the revision, with increases for all other groups except cotton. Higher unit values for wheat, feed grains, and rice plus a 2-million ton increase for corn and other feeds raise grain and feeds $2.6 billion. Animal products are raised $2.5 billion, with nearly half the increase is due to dairy products as unit values remain high and volumes increase. Oilseeds and products rise about $1.8 billion. Slower-than-expected South American exports have extended the season for U.S. soybean shipments longer than expected. Horticultural products account for $800 million of the increase aided by ample supplies, strong demand, and a weak dollar. Approved by the World Agricultural Outlook Board.