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This is a periodic report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.
FAS Ottawa forecasts total wheat production to be 31.1 million metric tons (MT), down ten percent year-over-year (y/y) on lower yields due to widespread drought across the prairie provinces.
The Hotel, Restaurant, and Institutional (HRI) sector is rising again in New Zealand. This latest development is especially true of the tourism and hospitality sectors.
On October 25, 2023, the South African Department of Agriculture, Land Reform and Rural Development (DALRRD) announced that the ban on poultry imports from 27 US States have been lifted.
Korean fresh pear production is expected to decrease 20 percent in Marketing Year (MY) 2023/24 as adverse weather events struck orchards throughout spring flowering and into the summer. Supplies of high-quality pears are expected to be below average because of high rates of damaged fruit.
This report lists major export certificates required by the Japanese government to export food and agricultural products from the United States to Japan.
On October 13, 2023, the European Commission authorized four genetically engineered maize crops for import as food and animal feed, including three full approvals and one renewal.
Japan’s non-alcoholic beverage market is estimated at $40 billion with around $1 billion coming from imports.
The Sugar Regulatory Administration (SRA) released Sugar Order (SO) No. 10 or the Rules and Regulations on the Issuance of Premix Commodity Release Clearance (PCRC). SRA expanded the list of premix commodities subject to laboratory inspection upon import, which includes sugar syrups, including flavored or colored, chocolate confectionery, and gelatin.
The Philippines issued sugar policy (Sugar Order No. 1) for marketing year (MY) 2023-2024 allocating 100 percent of the estimated 1.85 million metric tons (MT) production to the domestic market.
The African Growth and Opportunity Act (AGOA) which provides preferential market access to the United States is due for reauthorization in 2025.
Irrigation water limitations in the Guadalquivir basin have nearly halved cotton production in Andalusia, Spain’s main producing region.