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Strong exports from Brazil pushed China to a record 100.85 million metric tons (MMT) of soybeans imports in marketing year (MY) 22/23. Imports are forecast to reach similar levels in MY 23/24 on sustained demand from the feed sector.
This report provides U.S. food and agriculture exporters information on how to do business with the Hotel, Restaurant, and Institutional (HRI) sector in Panama.
Post forecasts fresh deciduous fruit production to rebound to 486,850 MT for apples and 625,400 MT for pears for Marketing Year (MY) 2023/24.
Canadian apple production is forecast to decline three percent in MY 2023/24 on adverse weather events across the main growing provinces. Pear production is forecast to grow slightly on large volume fruit in Ontario and a good crop in British Columbia.
In marketing year (MY) 2023/24, FAS Santiago (Post) estimates table grape production will increase by 13.6 percent, totaling 740,000 metric tons (MT) due to abundant rainfall and high yields.
Egypt's economy is under pressure due to rising inflation and the impact of Russia's invasion of Ukraine -- Egyptian food prices are rising and U.S. dollars are increasingly hard to access.
Rice production in Korea is forecast to be gradually down in marketing year (MY) 2023/24 on reduced acreage in response to government incentives encouraging farmers to switch to other grains, such as wheat and soybean.
New Zealand apple-planted area in the 2023/2024 market year is forecast to drop substantially from 11,000 ha to 9,200 ha.
Despite industry consolidation resulting in limited expansion, deciduous fruit production is expected to grow marginally as plantings come into production.
Taiwan aims to expand use of renewable energy to 20 percent by 2025. Developing renewable energy is the most important implementation component to reach the goal and wood pellets is a green energy resource option being considered by Taiwan.
Export rice prices dropped 1-3 percent despite the strengthening of the Thai baht as the new crop MY2023/24 paddy rice entered the market.
On October 18, 2023, China’s Food Safety Standards Monitoring and Evaluation Department of the National Health Commission (NHC) published an announcement soliciting public comments on eleven national food safety standards.