Wednesday, March 10, 2010

Commodities: Agriculture Prices Should Rise in 2010

Agriculture Prices 2010

Although consumers have been relatively happy with food prices, the farmers and related industries haven't exactly been estatic about the performance of agriculture, as gluts of major grains, especially, have kept food prices down a couple of years.

According to the USDA, farm income should increase in 2010 by close to 12 percent, generating about $63 billion for the year.

Many everyday food items are expected to inflate in 2010, including regulars like meat and milk, along with cotton, although cotton could get touchy depending on what happens with the Brazil situation, where they're putting a tariff on it when imported after winning a ruling from the WTO over the subsidizing of cotton by the U.S. government.

Exports of meats are also expected to rise in 2010, led by pork and beef, both looking for about 9 percent export increases.

Agriculture Prices 2010

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