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Post forecasts Mexico’s sugar production at 5.95 million metric tons raw value (MMT-RV) for marketing year (MY) 2023/24 (October 1 – September 30), 8 percent higher than in MY 2022/23 due to reduced fertilizer prices, but below MY 2021/22 production due to continued widespread drought.
Since 2013, Venezuela’s total meat consumption has declined 66 percent due to prolonged economic collapse. However, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector.
Since 2013, Venezuela’s total meat consumption has declined 66 percent due to prolonged economic collapse. However, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector.
In August, Vietnam's rice export prices surged by 22 percent compared to the previous month, reaching an average of USD 654 per ton.
Planting for food and jobs phase two (PFJ 2.0): Government of Ghana (GOG) takes stock of its flagship agriculture program after six years of implementation, acknowledges challenges, and announces some changes to the original model in what has been branded as enhanced planting for food and jobs (EPFJ) or planting for food and jobs phase II (PFJ 2.0).
Turkiye’s HRI sector continues to grapple with rising inflation and economic uncertainty, while sales in terms of U.S. dollars have yet to recover to pre-pandemic levels.
A drought during the intensive growth stage impacted MY2023/24 sugarcane production and led Post to lower the sugar production forecast by 15 percent from MY2022/23.
In 2022, Colombian GDP for lodging and restaurants grew 16 percent compared to 2021 and 20 percent compared to 2019, consolidating its share of Colombia’s economic activity at 4.5 percent.
In 2023, U.S. agricultural exports to the Dominican Republic (DR) are on pace to reach an all-time high, powered by strong demand from the food service sector for consumer-oriented products.
For marketing year October 2023/September 2024 (MY 2023/24), Post forecasts overall sugar production in the Dominican Republic (DR) to increase slightly to 500,000 metric tons (MT) due to improved rainfall patterns.
France is the world’s leading tourist destinations. Revenues are returning to pre-covid standards since France earned 58 billion in 2022 thanks to foreign tourism.
EU27 beet sugar production forecast for market year (MY) 2023/24 is projected at 15.4 million metric tons (MMT), resulting from reduced beet acreage in France and increased plantings in other member states.