February 27, 2003
News Release 03-019

U.S. SOYBEAN AND OILSEED EXPORTS FALL BY $2 BILLION DURING 1997-2001 AS LOWER WORLD PRICES SET IN, REPORTS ITC

U.S. soybeans and other oilseed exports -- which exceeded $5.5 billion in 2001 -- dropped by 25 percent ($2 billion) during 1997-2001 as competitors in Brazil and Argentina expanded production and exports sharply and as U.S. farm prices fell by nearly a third, says the U.S. International Trade Commission (ITC) in its report Industry and Trade Summary: Oilseeds.

The ITC, an independent, nonpartisan, factfinding agency, recently released the report as part of an ongoing series of reports on thousands of products imported into and exported from the United States. Following are highlights from the report:

The foregoing information is from the ITC report Industry and Trade Summary: Oilseeds (USITC Publication 3576, February 2003).

The ITC Industry and Trade Summary reports include information on product uses, U.S. and foreign producers, and customs treatment of the products being studied; they analyze the basic factors affecting trends in consumption, production, and trade of the commodities, as well as factors bearing on competitiveness of the U.S. industry in domestic and foreign markets.

The report will be available on the ITC Internet web site at www.ustic.gov. A printed copy may be ordered without charge by calling 202-205-1809, or by writing the Office of the Secretary, U.S. International Trade Commission, 500 E Street, SW, Washington, DC 20436. Requests may be faxed to 202-205-2104.

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