Minister of Agriculture: agricultural exports this fiscal year will exceed $ 142 billion

Agriculture minister said fiscal year 2013, U.S. agricultural products had expected exports will exceed $ 142 billion, the driving factor for the reduced tariff barriers, in agreement with the Chinese and Russian buyers in the lower pricesupplementary supply.

As of January this year, 1/3 of the fiscal year, U.S. agricultural exports amounted to $ 55 billion, indicating that the annual export record.

The Ministry of Agriculture also announced that Russia, Belarus and Kazakhstan have agreed to the import of day-old chicks, hatching eggs, live dairy cattle exports to Iraq signed a related agreement, pear exports to China for the first time.



While China continues to ban U.S. beef imports, but it imports this year is expected to reach $ 22 billion, mainly soybeans and cotton. Expected to be the second consecutive year, China will become the largest buyer of U.S. agricultural products.

The Ministry of Agriculture is expected in February, with the farmers to rebuild the stock of last year's drought emptied, farmers' net income reached a record $ 128.2 billion in 2013. Largest U.S. corn prices of agricultural products entered a bear market on April 1, high compared to August last year, a decrease of more than 20%. Reduce the price increase U.S. sales to make up for the decline in revenue. Fiscal year 2012, U.S. agricultural exports totaled $ 135.8 billion.