The government hiked its outlook for 2010 U.S. agricultural exports to $104.5 billion, the second-highest level ever, amid stronger-than-expected demand from China and other Asian countries.
Dairy product exports were hiked to $2.9 billion from $2.8 billion previously “due to strong global dairy prices and expected recovery in milk powder sales,” the USDA said. In fiscal 2009, dairy exports totaled $2.26 billion.
This year’s projected U.S. ag exports of $104.5 billion, revised higher by 4.5 percent from a previous estimate in February, are second only to the $115.3 billion exported in 2008, the USDA said.
Exports for fiscal 2010, which ends Sept. 30, would be up 8.2 percent from $96.6 billion in 2009.
The USDA report illustrated the expanding role of
U.S. ag exports to
Among other farm products, the USDA lowered its fiscal 2010 projection for pork and left beef exports unchanged.