California New Vineyard Acreage and U.S. Agriculture Set Export Record

California New Vineyard Acreage and U.S. Agriculture Set Export Record

From the Ag Information Network, I’m Bob Larson with your agribusiness update.

** California grape growers are expected to plant 15,000 to 18,000 acres of new vineyards this year.

That number is about the same as what should be removed from the state’s more than 500,000 wine grape acres.

California produced more than 4 million tons of wine grapes annually between 2016-19, causing a glut in the market.

Allied Grape Growers President Jeff Bitter calls the market “stable with risk of oversupply.”

** The U.S. agriculture industry posted its highest annual export levels on record in 2021, according to Agriculture Secretary Tom Vilsack.

Final 2021 trade data shows U.S. agriculture and food exports totaled $177 billion, surpassing the 2020 total by 18% and eclipsing the previous record, set in 2014, by 14.6%.

The top 10 U.S. export markets all recorded gains in 2021, with six of the 10 — China, Mexico, Canada, South Korea, the Philippines and Colombia — setting new records.

** Global food prices rose in January and remained near ten-year highs.

Reuters says the Food Price Index tracks the most traded food commodities globally.

The index averaged 135.7 points in January, compared to 134.1 in December.

Rising food prices are contributing to a broader surge in inflation as global economies attempt to rebound from COVID-19.

Comments are closed.