US export prices rose 0.8% in October 2024, the largest increase since August 2023, surpassing market expectations of a 0.1% decline. This followed a revised 0.6% drop in September. The increase was driven by a significant 2% rise in agricultural export prices, the highest since November 2022, due to higher prices for commodities like corn, soybeans, meat, and fruit. Non-agricultural export prices also climbed 0.6%, with gains in industrial supplies, capital goods, automotive vehicles, and nonagricultural foods offsetting a decline in consumer goods prices. Despite the monthly gain, export prices remained 0.1% lower compared to the previous year.

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