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Infographic highlighting the total exports, top destinations, and top commodities for U.S. agricultural exports in 2016.
At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.
The United States exported 836 million gallons of non-beverage ethanol in 2015, nearly all of which was used for fuel.
On March 28, 2016, the government announced an end to the floor price for corn.
China’s huge grain stocks continue to impose severe pressures on China’s production and trade policies.
China notified the WTO of the National Food Safety Standard of Vegetable Protein for Food Industry (an update of the GB/T 20371), issued by the National Health and Family Planning Commission...
China is the second largest market for planting seeds after the United States. It is self-sufficient in planting seeds for grains, but imports some grass, vegetable, and fruit seeds.
The massive surge in imports of cheaper alternative feed ingredients has significantly impacted feed demand for corn in recent years according to official statistics and industry analysts.
China is a major producer of biofuels and production continues to increase.
Forecast MY2015/16 corn production is revised slightly higher, while forecast rice and wheat production are lowered slightly.
Corn and rice production are forecast to reach record levels at 226 and 209 million tons in MY 2015/16 respectively. MY 2015/16 wheat production is forecast at a near record 125 million tons.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.