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Sales in the Caribbean Hotel, Restaurant, and Institutional (HRI) food service sector increased by 11 percent in 2022.
MY 2022/23 China’s sugar imports declined due to escalating world prices. Following suit, Chinese sugar prices spiked at the highest levels since 2012.
This report gives an overview of the food service – hotel, restaurant, and institutional sectors in Italy and outlines current market trends, including best product prospects.
Post estimates marketing year (MY) 2023/24 wheat consumption to decrease to 4.5 million metric tons (MMT) or 10 percent from USDA's official estimate.
With more than 83 million of the world’s wealthiest consumers, Germany is the largest market for food and agricultural products in the European Union.
India’s hotel, restaurant and institutional (HRI) sector is set to thrive in 2023, after facing three years of downfall due to COVID-19 pandemic restrictions.
In 2021 (latest data available), sales of the HRI food service sector reached 150.76 trillion KRW (131.7 billion USD), an increase of 7.77 percent from 2020 and an increase of 4.41 percent from 2019.
Morocco’s hotel, restaurant, and institutional sector consistently improved its strength in 2023, reflected in the surge of tourist arrivals.
FAS/Tokyo estimates lower MY2023/24 rice production in Japan as extremely high temperatures and little rain are expected to lower yield and quality.
On August 24, 2023, the Philippines marked Bt cotton as the 4th genetically engineered crop approved for commercial propagation after corn (2002), rice (2021), and eggplant (2022).
The introduction of E5 gasoline in July 2023 restarted Indonesia’s bioethanol consumption after years of inactivity, albeit to a modest start of an estimated 2 million liters for 2023 due to E5’s price premium in a price sensitive market.
Driven by strong internal demand, EU chicken meat production is expected to grow in 2023 and 2024. In 2024, Poland will be again the largest EU chicken producer, accounting for more than 20 percent of all EU chicken production.