Publisher's Synopsis
Excerpt from Fatus; Foreign Agricultural Trade of the United States: November/December 1983
The outlook for fiscal year 1984 calls for significant export price increases for most commodities, including corn, sorghum, soybeans, and soybean products. Therefore, even with volume projected at 4-5 million tons lower, the total value of u.s. Farm exports is expected to climb 12 percent in fiscal year 1984 to the 1982 level of $39 billion.
Countries with foreign exchange shortages such as Poland, Brazil, and Mexico have been uncertain markets in the early eighties. Credit guarantees from the Commodity Credit Corporation (ccc) to these and other financially strapped countries came to about $5 billion in fiscal year 1983, the highest level on record.
Despite CCC credit guarantees and Special wheat flour sales to Egypt, u.s. Wheat and flour exports fell 15 percent in fiscal year 1983 to million tons. The two largest u.s. Wheat markets in recent years-china and the Soviet Union - did not buy any wheat after January 1983. India became the largest market, taking million tons. Canada, Argentina, and the EC (france) competed intensely with the United States, each attempting to gain market shares through such measures as liberal credit arrangements, subsidy payments, and long-term agreements.
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