2010 Agricultural Export Sales Hit US$115.8 Billion, Sets New Record

United States Department of Agriculture (USDA) reports that US farm exports reached an all-time high in 2010, showing again that agriculture is one bright spot in an otherwise middling economy. Ag exports were worth US$115.8 billion in 2010, surpassing the previous high export record of US$114.8 billion set in 2008, a year of high prices and short supplies due to weather and other issues for many crops, including wheat.

Export sales of bulk commodities increased 19 percent to $47.2 billion, and consumer-oriented agricultural products increased by 15 percent to US$45.4 billion. For the marketing year (MY) 2009-2010, US wheat export sales totaled 22.7 million metric tons (mmt). According to USDA’s weekly Export Sales Report, exports of all classes of wheat for the current 2010-2011 MY, through Feb. 10, were 29.6 mmt, 55 percent higher than last year at this time. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.