Second-quarter 2011 growth in U.S. containerized exports dropped to 6%, compared to 12% in the first quarter, due largely to a 25% decrease in demand for pet and animal feeds, according to reports.
In particular, the second quarter saw a 59% drop in shipments of animal feed to China. Overall, June alone saw a 2.1% decline in growth. U.S. export volume is up 9% for the first half of 2011, and the overall year-over-year export has dropped to 2.97 million TEUs.
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