US agricultural exports expected to reach $62 billion
01/09/2004
The US Department of Agriculture's final export forecast for fiscal year 2004 indicates that sales are expected to reach $62 billion, $5.8 billion more than last year. This represents the highest sales ever, eclipsing the old record of $59.8 billion set in fiscal year 1996. This forecast is up $500 million from May's estimate, largely due to stronger-than-expected cotton, beef and pork exports.