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The United States is both the leading exporter and importer of essential oils, shipping a record-high $2.5 billion in 2024, primarily to Canada, the European Union (EU), and Mexico.
A large portion of Australia’s winter cropping area is well-positioned, heading into the forecast year. In New South Wales, Queensland, and Western Australia, early seasonal conditions are favorable, indicating potential for strong wheat and barley production.
The Ministry of Trade temporarily banned lemon exports as of April 8, 2025, due to a predicted supply shortage following cold weather and frost damage in the southeast.
The European Parliament took an initial step to open market access for beet and oilseed planting seeds from Ukraine. The EU approved cereal planting seeds from Ukraine in 2020.
FAS and the Economic Research Service jointly publish the quarterly Outlook for U.S. Agricultural Trade in February, May, August, and November. Archived quarterly forecasts can be found here.
FAS and the Economic Research Service jointly publish the quarterly Outlook for U.S. Agricultural Trade in February, May, August, and November. Archived quarterly forecasts can be found here.
FAS and the Economic Research Service jointly publish the quarterly Outlook for U.S. Agricultural Trade in February, May, August, and November. Archived quarterly forecasts can be found here.