US Agricultural Trade Deficit Continues to Grow as Strong Dollar Hampers Exports
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#99dc5812 ver:0.67

The US agricultural trade deficit continues to grow due to a strong dollar, hampering exports. The overall trade deficit reached its widest level since late 2022, with exports falling and imports decreasing. The US goods deficit with China also increased. In contrast, India recorded a current account surplus and saw growth in exports. Rising imports of horticultural products have contributed to the reduction in US fresh fruit and vegetable production. The US soybean industry is particularly affected, with exports decreasing by 23%. The value of the dollar remains strong, creating headwinds for US agricultural exports. #TradeDeficit #Exports #Imports #Agriculture #DollarStrength...

#newstr #UsTradeDeficit #Exports #Agriculture #Dollar #UschinaTradeDeficit #India'sCurrentAccountSurplus #UsAgriculturalTradeDeficit #SoybeanGrowers #PhilippinesTradeDeficit #StrongDollar #SlowerExports 

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