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Abstract

U.S. agricultural exports fell to $12.1 billion in the first 5 months of fiscal year (FY) 1987, 5 percent below those of the same months of 1986. Reduced demand, the falling value of the dollar, and higher seasonal domestic supplies held U.S. agricultural imports in the first 5 months of FY 1987 at their year-earlier level of $8.6 billion. Sharply lower coffee values, following a year of record-high prices for short Brazilian supplies, dominated February's price change. California maintained its position as leading export State in FY 1986 because of continued declines in exports from large grain-producing States and a stronger horticultural sector. The United States, France, and The Netherlands remained the top three agricultural exporters during 1979-85.

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