WASHINGTON — Fiscal 2015 agricultural exports are forecast at $140.5 billion, down $1 billion from the February forecast and down $12 billion from fiscal 2014, according to the "Outlook for U.S. Agricultural Trade" from USDA's Economic Research Service and Foreign Agricultural Service.
If realized, this would be the lowest level of exports since fiscal 2012, the report stated. Lower exports of high-value products (non-bulk) make up nearly the entire decline from the previous forecast.
Exports of horticultural products are down $1 billion with slower-than-expected shipments of fresh and processed fruits and vegetables and other. . .
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