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A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
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.
International Agricultural Trade Report

Banner Year for U.S. Beef Exports in 2021

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.
International Agricultural Trade Report

Foreign Demand Fuels U.S. Corn and Sorghum Exports

Strong foreign demand and reduced competition have sharply boosted exports to record levels for U.S. corn in 2020/21.
International Agricultural Trade Report

China’s Rising Bakery Sector

China’s bakery sector has been expanding rapidly in recent years, underpinned by the country’s rising middle class, ongoing Westernization of lifestyles and diets, and increasing demand.
International Agricultural Trade Report

China: Evolving Demand in the World’s Largest Agricultural Import Market

While trade tensions and China’s retaliatory tariffs slashed U.S. agricultural exports to China in 2018 and 2019,
The significant rise of dog- and cat-owning households in East Asia presents an opportunity to increase the U.S. exports of pet food.
International Agricultural Trade Report

U.S. Sorghum Prices Rally with China’s Return to the Market

China’s announcement of tariff exclusions following the Phase One agreement had an immediate impact on U.S. sorghum exports mainly because of the sheer volume China purchases and its effect on prices.
International Agricultural Trade Report

Opportunities for U.S. Agricultural Exports in Taiwan

Taiwan is an important trading partner and offers many opportunities for sales of U.S. food and agricultural products.
International Agricultural Trade Report

U.S. Agricultural Export Opportunities in South Korea

South Korea is one of the most reliable export markets for U.S. agricultural goods. Its vibrant economy offers easy access to modern retail outlets...
International Agricultural Trade Report

U.S. Agriculture Reaps Benefits of Free Trade Agreement with Korea

U.S. agricultural exports to South Korea have grown in recent years, largely due to tariff reductions and the lifting of non-tariff barriers under the U.S.-Korea Free Trade Agreement (KORUS).