World Agricultural Highlights
World crop area is projected to increase by four million hectares with increase in oilseed area partially offset by the decline grain area.
Continued low stock holdings and price volatility for grains.
Grain price increases by 25 percent in the projection period, but still stays well below the average of past three years.
Despite the recent crisis, Asia remains to be the fastest growing market for both crop and livestock in the long run.
The downward trend of both quantity and value of U.S. agricultural exports is projected to bottom out this year and then slowly recover.
- Quantity of agricultural exports increase by 27 percent.
- Value of Agricultural exports increase by 42 percent.