The increase is the largest annual gain in nearly four years, but it's still trailing the 8.6% price gain across all US exports in August.
US agricultural export prices rose 0.5% in August, the Bureau of Labor Statistics reported September 16. The gain extended a streak with no monthly decline since December 2025.
Key Facts
- Up 5.8% from a year earlier, agricultural export prices posted their largest annual gain since December 2022.
- Corn, animal feed, and soybean prices drove the August increase, offsetting lower prices for meat.
- All US export prices rose 8.6% over the year, outpacing agriculture's 5.8% climb.
Higher corn and animal feed prices drove the August increase. They outweighed a monthly drop in meat prices, per the bureau.
No Monthly Decline Since December 2025
The August gain extended a streak with no monthly decline since December 2025, eight months running. Corn, soybeans, oilseeds and food oils, and animal feeds drove the rise over the same period.
Agricultural export prices haven't posted a bigger annual increase since December 2022, when they rose 9.3%.
Agricultural Exports Trail the Broader 8.6% Gain
All US export prices rose 0.6% in August and 8.6% over the year. Nonagricultural exports climbed 0.7% for the month and 8.9% over the year, outpacing agriculture's 0.5% and 5.8% figures.
Industrial supplies, capital goods and vehicle prices all rose, pushing nonagricultural export prices higher.
Import Prices Rose 0.7%, More Than Forecast
US import prices rose 0.7% in August after falling 0.3% in July, Reuters reported. The gain topped the 0.4% rise economists surveyed by Reuters had expected. This is the biggest yearly increase since August 2022, when the index rose 7.7%.
Food import prices rose 0.1% in August after increasing 0.7% in July. Higher prices for fish, shellfish, bakery and confectionery products, and sugar offset lower prices for other animal and vegetable products and meat.
