Western Hemisphere: review of agriculture in 1982
1982
Extract: The volume of Latin American farm exports is expected to grow modestly in 1982, but weak price prospects suggest that export revenues could stagnate or decline. The value of Latin American agricultural imports will be down in 1982 because of improved domestic production, declining world prices, weak demand, and growing foreign exchange shortages in many countries. U.S. agricultural exports to Latin America, which reached a record $6.4 billion in 1981, are expected to be lower in 1982. Imports from the region declined 10 percent to $6.5 billion, and they are expected to slip further in 1982. Agricultural production in Latin America was 5 percent higher in 1981 and 7 percent above the long-term trend. It has grown only modestly in 1982.
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