USDA’s latest forecast for U.S. agricultural exports for fiscal year (वित्तीय वर्ष) 2011 (अक्टूबर 1, 2010 –सितंबर 30, 2011) is record large at $126.5 एक अरब, ऊपर से $108.7 billion in FY 2010 तथा $114.9 billion in FY 2008, the previous record year. Higher prices account for much of the increase in export value, but export volumes for the major bulk products are expected to be up 8.2 percent from last year at 139.5 मिलियन मीट्रिक टन (एमएमटी) and up 0.2 percent from the record 2008 shipments. यू.एस. agricultural imports are also projected to be a record at $85.5 एक अरब, यूपी 8.2 से प्रतिशत $79.0 billion in FY 2010, with about three-fourths of the increase due to higher import prices.

 

यू.एस. wheat export value will be up 66 प्रतिशत $9.8 एक अरब, with volume up 11.3 प्रतिशत 34.5 MMT with less competition from the drought reduced Black Sea crops. Export value for corn will be up 16 प्रतिशत $12.3 एक अरब, but volume is expected to decline 3.8 प्रतिशत 50.0 MMT due to lower production in the U.S. Soybeans, meal and oil will have another record year in export value at $24.8 एक अरब, यूपी 12.2 पिछले साल से प्रतिशत, while volume will be down 2.2 percent as record large whole soybean exports of 42.7 MMT will be offset by a 17.8 percent decline in soybean meal exports to 8.3 एमएमटी. Record high cotton prices will push cotton export value to $8.0 एक अरब, ऊपर से $4.8 billion last year while export volume will increase only 0.1 एमएमटी के लिए 3.4 MMT because U.S. carryover stocks are expected to be at minimal levels. Rice exports will be mostly unchanged with exports value again at $2.3 एक अरब, while volume increases 0.1 एमएमटी के लिए 4.4 एमएमटी.

Beef and veal export value will be up 15.7 पर प्रतिशत $3.7 एक अरब, while volume increases 14.3 प्रतिशत 0.8 एमएमटी. Pork export values will set a record at $4.6 एक अरब, यूपी 17.9 से प्रतिशत $3.9 billion last year and in 2008 with volume of 1.6 एमएमटी. Young chicken meat export values are expected to be unchanged in FY2010 at $3.0 billion as volume holds steady at 3.0 एमएमटी. Dairy product sales will be $3.2 एक अरब, वँहा से नीचे $3.4 billion last year. Horticultural products are expected to set another record at $24.3 एक अरब, ऊपर से $22.6 billion in FY 2010, led by fresh fruits and vegetables at $6.2 एक अरब, processed fruits and vegetables at $5.9 billion and tree nuts at $4.3 एक अरब.

Asia is expected to continue to be the largest U.S. agricultural export region at $54.8 एक अरब, 43.3 percent of U.S. exports. NAFTA partners Canada and Mexico are the second largest region at 26.9 प्रतिशत. The two regions account for 70 percent of U.S. exports. Canada continues to be the largest market at $18.0 एक अरब, followed by China at $17.5 एक अरब. These are two totally different markets with Canada purchasing a wide range of bulk and further process products and China’s purchases concentrated in a few bulk products. Horticultural products account for 40 यू.एस का प्रतिशत. sales to Canada. का $15 billion of sales to China in FY 2010, soybeans were $9.3 एक अरब, कपास $1.7 billion and hides and skins $900 दस लाख. यू.एस. agricultural imports from China are expected to be only $3.3 billion in FY 2011, while imports from Canada are estimated at $17.5 एक अरब.

After Canada and China, Mexico is the third largest export country for the U.S. पर $16.0 billion followed by Japan at $13.0 billion and South Korea at $6.0 एक अरब. The 27 countries of the EU are expected to have imports from the U.S. का $9.1 billion in FY 2011. The Middle East/North Africa region will have imports of $10.9 एक अरब, ऊपर से $8.4 billion in FY 2010 and just surpassing FY 2008’s peak of $10.8 एक अरब. Turkey at $2.7 एक अरब, with a 45 percent increase in imports in 2010 and a 30 percent expected in 2011, and Egypt at $2.0 एक अरब, with increased grain sales, are the two largest markets in the region.

जैसा कि पहले उल्लेख किया, about three-fourths of the increase in the value of imports is related to higher market prices. According to USDA, “world food prices are up 8 percent in the past year and a half, while beverage prices are up 24 प्रतिशत, including coffee, cocoa, tea, wine, and beer prices.The segments where USDA expects the biggest increases in volume are fresh fruits with a 0.4 MMT increase to 9.5 एमएमटी, and fresh vegetables with a 0.3 MMT increase to 5.7 एमएमटी, cocoa and chocolate with a 0.3 MMT increase to 1.4 एमएमटी, and processed vegetables with a 0.2 MMT increase to 3.1 एमएमटी. Horticultural products are expected to account for $3.0 billion of the $6.5 billion increase in imports with fresh fruit up by $0.7 billion and fresh vegetables up by $0.6 एक अरब. Sugar and tropical products will account for another $2.0 billion of increased imports, with natural rubber up $0.6 अरब $3.0 एक अरब, cocoa and chocolate up $.05 अरब $4.7 एक अरब, sweeteners up $0.5 अरब $4.6 billion and coffee up $0.4 अरब $4.8 एक अरब. पशु, dairy and poultry product imports are expected to be up $0.7 अरब $11.5 एक अरब.

Canada will be the largest import source for the U.S. for agricultural products at $17.5 billion for FY 2011, followed closely by Mexico at $15.0 एक अरब, including two-thirds of imported fresh vegetables, और यह 27 countries of the EU at $15 एक अरब. Other major importers include China at $3.3 एक अरब, Indonesia $2.9 एक अरब, ब्राज़िल $2.7 एक अरब, Chile $2.4 billion and Australia $2.3 एक अरब.

These export and import projections come with the usual caveats about government monetary and fiscal policies and private economic activities that impact economic growth. यू.एस. GDP growth is assumed to be 2.7 percent higher in 2010 तथा 2.5 में प्रतिशत 2011. USDA expects world trade volume to expand 14.6 percent in calendar year 2010, almost offsetting the decline in 2009, with trade to grow by 7.5 में प्रतिशत 2011. Countries cannot expand agricultural imports unless they are selling other products in world markets. Sovereign debt problems in the EU and credit tightening in China are adding to the uncertainties.

Two years ago when commodity prices were in sharp decline and economic growth was slowing around the world, it would have been hard to predict the rapid recovery in agricultural trade. Open agricultural and non-agricultural trade under WTO rules allowed trade to keep flowing and agricultural trade avoided an extended period of decline. That U.S. agricultural export volumes will challenge highs reach in FY 2008 reflects the ability of the world economy to adjust to market condition.