Brazil and European Union Poised to Expand Exports

WASHINGTON, DC – While the volume of agricultural exports is projected to expand over the next ten years, U.S. exports of major crop and livestock commodities are also expected to face stiff competition from Brazil and the European Union (EU). According to the Economic Research Service (ERS), U.S. exports of corn and cotton are expected to remain the largest in the world, but market share for nearly all U.S. commodities are expected to slip during the next decade. Brazil is expected to be one of the strongest competitors to the United States as the country expands planted area, supporting increased export market shares for a variety of commodities, including corn, soybeans, cotton, poultry, beef, and pork. The EU is also expected to further expand its role as the world’s largest pork exporter and, along with Ukraine, boost market share in wheat by exploiting its proximity to major wheat markets. In the U.S., cotton is the only crop expected to strengthen in market share, despite competition from Brazil, India, and the Economic Community of West African States.
(SOURCE: All Ag News)