INCREASE IN WHEAT SHIPMENTS FEATURES EXPORT TRADE.
August, 1921, Exports of Wheat Exceed in Quantity Those of Any Single Month in Ten Years.
Exports of farm products during August had a total value of $233,000,000, an increase of $57,000,000 over the month of July, when the value of agricultural exports totaled $176,000,000, according to preliminary trade statistics obtained from the Department of Commerce. Agricultural products represented 62.1% of the total exports during the month, as compared with 55% during July.
The outstanding feature of the month’s foreign trade was the big increase in the exports of wheat, which totaled 59,000,000 bus., as compared with 25,000,000 bus. exported in July, and 28,000,000 bus. exported in August of last year. The August, 1921, exports exceeded those of any other single month during the past ten years.
The exports of cotton totaled 254,739,435 lbs., compared with 271,527,561 lbs. in July, a decrease of 16,788,126 lbs., equivalent to 33,576 bales of 500 lbs. each.
Exports of meat and meat products totaled 203,758,869 lbs., compared with 201,767,270 lbs. for July, and 82,268,344 lbs. exported during the month of August, 1920. The exports of lard jumped from 83,329,000 lbs. in July to 87,410,000 lbs. in August.
Of condensed, evaporated, and powdered milk 31,958,637 lbs. were exported during August, compared with 18,053,097 lbs. during July and 25,638,722 lbs. for August, 1920.
Exports of corn totaled 13,651,559 bus. compared with 14,972,765 bus. exported during July, and 781,271 bus. during August, 1920. The total exports of corn during the first eight months of 1921 were 86,372,464 bus. compared with 10,525,077 bus. exported during the first eight months of 1920.
Exports of rice totaled 61,981,737 lbs., as against 63,264,950 lbs. in July, and 10,322,640 lbs. exported during August, 1920. Total exports of rice during the first eight months of 1921 were 434,863,107 lbs. compared with 289,514,321 lbs. exported during the first eight months of 1920.
Exports of tobacco totaled 53,076,605 lbs., a slight decrease from July, but more than 10,000,000 lbs. greater than the exports for August, 1920.
The exports of the principal agricultural products during August and July, 1921, with comparisons for August, 1920, and the first eight months of the calendar years 1920 and 1921, are set forth in Table 1.
The value of the agricultural products imported into the United States during August was $116,000,000, or 59.8% of all imports during the month, compared with $98,000,000 in July, 1921, and $350,000,000 in August, 1920. The leading commodities imported, together with their declared values, were: Raw silks, $27,721,270; sugar, $18,119,559: coffee, $10,012,416; hides and skins, $8,226,888; tobacco, $5,190,213; rubber, $5,098,629; seeds, $4,071,250; vegetable oils, $2,873,161; fibers, $2,117,925; unmanufactured wool, $2,081,065; bananas, $1,918,357; cacao, $1,006,333.
The imports of some of the principal agricultural products during August and July, 1921, with comparisons for August, 1920, and the first eight months of the calendar years 1920 and 1921 are set forth in Table 2.
MONTHLY TREND OF EXPORTS OF WHEAT, COTTON, PORK, AND LARD.
[The 1910-1914 curve represents the prewar annual average.]
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| TABLE 1.—MONTHLY EXPORTS OF PRINCIPAL AGRICULTURAL PRODUCTS. | ||||||
| Commodity. | Unit. | Aug., 1921. | July, 1921. | Aug., 1920. | Eight months ending— | |
|---|---|---|---|---|---|---|
| Aug., 1921. | Aug., 1920. | |||||
| Wheat | Bus. | 58,536,829 | 24,842,294 | 27,693,982 | 206,602,944 | 99,775,041 |
| Wheat flour | Bbls. | 1,872,573 | 1,238,019 | 1,166,707 | 11,182,195 | 15,256,168 |
| Cotton | Lbs. | 254,739,435 | 271,527,561 | 74,767,391 | 1,958,818,466 | 1,982,687,809 |
| Meat and meat products | Lbs. | 203,758,869 | 201,767,270 | 82,268,344 | 1,381,422,150 | 1,246,522,110 |
| Butter | Lbs. | 435,489 | 531,078 | 436,214 | 6,260,466 | 15,965,485 |
| Cheese | Lbs. | 428,014 | 2,200,800 | 374,538 | 9,912,810 | 13,674,469 |
| Milk (condensed, evaporated, and powdered) | Lbs. | 31,958,637 | 18,053,097 | 25,638,722 | 184,120,177 | 335,270,393 |
| Tobacco | Lbs. | 53,076,605 | 53,174,339 | 42,828,455 | 374,316,822 | 326,728,208 |
| Wool | Lbs. | 92,702 | 193,574 | 683,320 | 1,526,920 | 5,967,463 |
| Corn | Bus. | 13,651,559 | 14,972,765 | 781,271 | 86,372,464 | 10,525,077 |
| Rice | Lbs. | 61,981,737 | 63,264,950 | 10,322,640 | 434,863,107 | 289,514,321 |
| Rye | Bus. | 3,079,857 | 931,148 | 5,082,819 | 21,479,252 | 41,481,106 |
| TABLE 2.—MONTHLY IMPORTS OF PRINCIPAL AGRICULTURAL PRODUCTS. | ||||||
| Commodity. | Unit. | Aug., 1921. | July, 1921. | Aug., 1920. | Eight months ending— | |
| Aug., 1921. | Aug., 1920. | |||||
| Sugar | Lbs. | 570,852,965 | 277,270,645 | 880,435,997 | 4,431,517,830 | 6,565,255,469 |
| Hides and skins | Lbs. | 38,090,047 | 34,377,952 | 35,127,547 | 236,176,698 | 402,772,854 |
| Tobacco | Lbs. | 4,819,657 | 3,154,947 | 7,894,406 | 208,505,559 | 63,424,548 |
| Wool | Lbs. | 15,866,744 | 9,396,864 | 14,447,810 | 273,521,338 | 213,531,918 |
| Rice (cleaned) | Lbs. | 6,567,780 | 1,407,850 | 15,354,050 | 38,096,280 | 104,671,751 |
| Meat and meat products | Lbs. | 5,013,869 | 3,385,354 | 25,015,317 | 53,632,204 | 89,534,449 |
| Butter | Lbs. | 149,886 | 191,748 | 2,737,265 | 11,774,801 | 25,592,355 |
| Lemons | Value. | $242,440 | $304,058 | $456,387 | $944,756 | $2,576,655 |
Good Outlook for Spain’s Crop of Jordan and Valencia Almonds.
From all available reliable sources it is believed that Spain’s 1921 crop of Jordan almonds, which are grown only in the Provinces of Malaga, Jaen, Granada, and Almeria, will be about equal to last year’s production, reports the American consul at Malaga. Various exporters place the crop from 70,000 to 75,000 boxes of 25 lbs. each.
The crop is somewhat delayed because of the late spring, but the quality is good. Since all stocks of this variety have been exhausted for some time, the demand is active, and opening prices f. o. b. Malaga are expected to be considerably higher than last year. However, this should make but little difference to the buyers in the United States, as they will benefit by the decrease in the exchange value of the peseta.
The general opinion seems to be that this year’s crop of Valencia almonds will exceed last year’s production by 15% to 20%. Inasmuch as these almonds are grown in various parts of Spain and often shipped to Malaga for export, it is difficult to give exact figures. Prices of Valencia almonds are regulated by quotations from Italy, but Spanish farmers in the Malaga district are expecting good prices on account of the small stocks carried over.
The following table gives the total exports of shelled almonds from Malaga, Spain, to all countries and to the United States during the past five years:
| Year. | Total exports. | Exports to the United States. |
|---|---|---|
| Pounds. | Pounds. | |
| 1916 | 4,548,090 | 2,873,356 |
| 1917 | 2,469,152 | 2,183,659 |
| 1918 | 4,664,934 | 2,882,597 |
| 1919 | 6,673,324 | 3,821,341 |
| 1920 | 2,521,078 | 5,028,693 |
WASHINGTON : GOVERNMENT PRINTING OFFICE : 1921