Exports expected to rise in 2020
The China-U.S. trade war didn’t cut as deeply into U.S. farm exports to China as initially estimated, the U.S. Department of Agriculture (USDA) said in its quarterly trade outlook last week.
The agency forecast $139 billion in agriculture exports in fiscal 2020, the largest amount in three years and up 3% from 2019.
A key reason for the brighter outlook is an upturn in pork and soybean sales to China, Agriculture.com reported.
China was forecast to import $11 billion of U.S. farm...
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