b'12American Journal ofTransportation ajot.comACL AJOT_SailSchedule_2020_ACL2/27/209:33 AMPage 1(STUCKcontinued fromexporter in 2020 with exports page 8) tositthereuntilwevaluedat$147.9billion.InOshort answer: The barges are2021, US exports increased toONNEESSHHIIPPgoinga record $177 billion, driven get some rain. by a 25% increase in exports It is not clear when thistoChinaat$33billion. mightoccur,saidtheIlli- Canada,Mexico,andJapanC onCo nttaaiinneerrss,,RROORROO,,BBrreeaakkbbuullkkCCaarrggoonois report, but we do thinkarealsomajorimportersof it is helpful to be mindful ofUS agricultural products.the seasonality of the riversBrazilwastheworlds stages. fourth-ranked agricultural pro-Theworst-casescenario,ducerin2020withoutput according to the Illinois report,valuedat$135.8billion. is that the river will be navi- $125.3billionofBrazils gable by March 2023. How- agriculturaloutputisfood. ever, the report added, thisBrazilsagriculturalexport may provide little comfort tovalue of $85.2 billion in 2020 farmers, particularly soybeanrankeditthirdaftertheUS producers,asSpringwillbeandtheNetherlands.China RORO Customer Servicethe time Brazil starts rampingabsorbed more than $30 bil- A SERVICE AL1 SERVICE AL2 SERVICE 877-918-7676upitssoybeanexports.Fur- lionofBrazilsagriculturalCuto Friday Cuto Thursday Cuto Monday Export Customer Servicether, even when the rivers rise,exports that year. FROM NEW YORK LOLO RORO LOLO LOLO 800-225-1235TO Transit Time Transit Time Transit Time Transit Timethe backlog in shipping mayANTWERP 1620 18Export Documentation take some time to unwind. g lobala gt rade DUBLIN 12888-802-0401t rajeCtory BELFAST 13Import Customer Service888-802-0403According to WTO data,GTEBORG 21LogisticsHAMBURG 13 17 15 22(STRESScontinued fromthe value of global agricultureLE HAVRE17 866-821-7449page 11) exports in 2020 was 3.7 timesLIVERPOOL 9 13 Credit & Collectionsheavilyreliantonsubsis- higher in nominal terms thanLONDON GATEWAY20 19 888-225-7747tence agriculture as it has thein2000,whiletheshareofROTTERDAM11 20lowestpercapitaincomeofagriculture in total merchan-thefourcountries.Becausedisetradevaluerosefromwheat and flour.economiesrelyonexports.availability of cheap energy. ofinefficientuseoflimited6.3% in 2000 to 8.5% in 2020. MiddleEasternexpertsTheNetherlandsservesasThis is no longer the case as resources, particularly water,TheCOVIDandsupplypointout,forinstance,thatan example of an agricultureenergy gas prices have risen it depends on seasonal mon- chain disruptions have indeedpricesoftheregionsstapletradedependenteconomyin Western Europe.Also, the soons and crop yields belowimpactedtheglobalagricul- flatbread,madefromflour,backedbyresearchinstitu- Dutchgovernmentspledge the global average. ture trade but equally devastat- skyrocketed following Ukrai- tions and public-private part- tohalvenitrogenemis-Despite challenges, Indiaing has been Russias Februarynianwheatsupplydisrup- nershipsbetweenscience,sionsby2030,wouldmean remainstheworldslarg- 24 invasion of Ukraine whichtions.industry,andgovernment.Itadramaticreductioninthe est exporter of refined sugarbecameknownasEuropesTheFAOhassaidthatis the second largest exporternumber of animals raised in and milled rice. It is a majorfood basket.globalfoodpricesarenowofagriculturalproductsafterthe country.exporter of rice, cotton, soy- Agricultureresearchersat their peak since 1974 afterthe US.beans, and meat.saythataboutaquarterofadjustment to inflation.Netherlandshaspio- 2023 o utlookus a gthe worlds most fertile soil,Ukraineistheworldsneeredcell-culturedmeat,e xportsu.s. W orldsl eadInga g knownasChernozem-thelargest exporter of sunflowerverticalfarming,seedtech- USfarmexportsare e xporter soil is rich in organic matteroilandamajorsupplierofnology and robotics in milk- expectedtodeclineto$190 The U.S. ranked third in- is located in Ukraine.Morecorn, barley, and rye, amongingandharvesting,creatingbillion this fiscal year, down 2020agriculturaloutputatthan 65% of Ukraines arableother grains.innovativetechniqueswith4%fromtherecordsetin $307.4billion$306.4bil- land has Chernozem deposits,However,soilerosionreducedwaterusageandjust-endedfiscal2022,as lionofwhichwasfoodmakingitidealforfarming.andclimatechangearealsolowercarbonandmethaneeconomicgrowthslowsin despiteemployingasmallUkraine, emerged as a majorimpacting highly productiveemissions. The country, withmostcountries,accordingto fractionoftheagriculturalexporter of grains and cereals,areas of the country, such asgood connectivity in EuropearecentforecastbytheUS workforce of China or India.including corn.the Steppe area in the south,and beyond, has a well-devel- DepartmentofAgriculture Corn, soybeans, dairy, wheat,AsRussianshellingandwhichcurrentlyproducesopedinfrastructure,logistics(USDA).Soybeans,thetop and sugar cane were the topairstrikes damaged roads and50% of the grain for Ukraine,and distribution network.agriculturalexportitem,as fiveUSagriculturalcom- cut off Black Sea ports, ship- the World Bank says. Nevertheless,theDutchwell as cotton and corn would modities in value terms. mentsofUkrainianwheatAgriculture trade is a keyalsofacechallenges.Theirsee the largest declines, jointly TheUSwasbyfartheweredisrupted,leadingtoarevenue-generatingsourcesuccess in greenhouse indus- falling by 7%.leadingglobalagriculturalglobal price spiraling of bothforsmallercountrieswhosetrywasdue,largely,totheThe global economic out-lookforcalendaryear2023 remainsuncertaindueto inflation,changingmonetary policyconditions,andtrade disruptionscausedbythe Russian invasion of Ukraine, saidtheUSDAinitsquar-terly Outlook for US Agricul-tural Trade. Global economic growth was forecast at 2.7%, down from 3.2% in 2022.USexportstoucheda record$196.4billioninthe fiscalyearthatendedon Sept. 30, 2022.The Ukraine warhasdrivencommodity priceshigheramidstrong global demand for food and agricultural products.China,theleadingcus-tomer,wouldbuy$34bil-lionofagriculturalexports, compared to the record $36.4 billion last year, said USDA analysts,primarily,dueto resurgentcompetitionfrom customs brokers&freight forwarders Brazil and Argentina for soy-bean sales. www . jfmoran.com: 800.944.1041 Forthethirdtimein (STRESScontinued on page 23)'