US crop export prices fall at steepest rate since 2011

Source: The Hill | August 14, 2018 | Sylvan Lane

U.S. agricultural export prices fell by 5.3 percent in July as retaliatory tariffs on American crops kicked into effect, according to Labor Department data released Tuesday

Prices for U.S. crops sold abroad fell last month at the fastest rate since October 2011, led by a 14.1 percent decrease in soybean prices. Export prices for corn, nuts, wheat and fruits also fell in July, likely due to tariffs imposed by nations including the European Union, China, Canada, and Mexico.

Export prices for all U.S. goods minus agriculture stayed even in July as falling prices for non-farm industrial supplies, materials and autos were offset by rising costs for nonagricultural foods. Import prices also stayed even no change in July after falling 0.1 percent in June.

…….

Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.