Browse Data and Analysis

USDA estimates and forecasts for cotton supply and demand are on an August-July marketing year (MY) for all countries, while estimates published by many governmental or private groups in other countries are based on local MYs. The local MY for India is October-September.

Mexico is the third-largest pork importer in the world and traditionally the largest U.S. market for pork exports by volume. Over the past few years, shipments to this important market have faced headwinds. First, retaliatory tariffs related to Section 232 actions disadvantaged U.S. product. Then the coronavirus pandemic and a weak Mexican economy weighed on demand.

In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.

Trade and production of blueberries is expanding globally as product development boosts their profile in form and function.

Vietnam is an emerging economy in Southeast Asia that has experienced rapid growth and development during the last few decades. As has historically been the case in many countries, growth in animal-based protein consumption has gone hand-in-hand with this economic development.

Global lentil exports in 2020 jumped from $1 billion to $2.6 billion compared to the year before. Canada and Australia led the surge, accounting for more than three-fourths of the exports. Lentil exports peaked at $2.7 billion in 2015 but drifted lower through 2019, primarily due to reduced shipments from Canada to India and Turkey and from the United States to Canada and India.

The Republic of Korea (Korea) is a developed Asian country with a global presence in high-tech, automobile, and electronics industries. Korea is an industrial powerhouse with a skilled labor force.

Global prices for wheat and rice have risen during the past year due to lower production, export restrictions among major suppliers, and strong foreign demand.

As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers.

In the first quarter of 2021, U.S. soybean exports reached the second-highest value ever at $7.7 billion, nearly double the same period last year.

U.S. agricultural exports in the first four months (January – April) of 2021 were a record $59 billion, exceeding the previous record set in 2014 by nearly $5 billion.

Peru’s fruit exports have grown quickly during the last decade, rising from just $540 million in 2010 to $3.8 billion in 2020, with Peru ranking in the world’s top 10 fruit exporting countries since 2017.