Behind the USDA export numbers

While headlines underscore that U.S. agricultural exports will be the smallest in three years – down about $10 billion alone to China --  the news is contrary for horticulture. 

 

The USDA issued its quarterly economic forecast on May 30, showing that horticultural product exports will likely be unchanged at $35.3 billion. Whole and processed tree nut exports are forecast at $9.1 billion with the majority of shipments destined for the European Union and Asia.

 

Exports of fresh fruits and vegetables are unchanged at $7.4 billion, with top markets including Canada, the Euopean Union and South Korea. Processed fruit and vegetable exports are forecast unchanged at $7.2 billion.

 

These estimates do not account for any effect that American tariffs against Mexico might have if they come into effect on June 10, 2019. 

 

The USDA report is available here:  https://www.ers.usda.gov/webdocs/publications/93215/aes-108.pdf?v=2227.2

 

 

 

 

Source:  AgriMarketing News June 3, 2019. 

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Tuesday, June 4, 2019

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