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Both EU beef and pork production are trending down to record lows in 2023 and 2024.
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over the past year to a record $656 million due to expansions in online shopping platforms.
Uruguayan beef exports in 2024 are forecast slightly up at 467,000 tons carcass weight equivalent as a result of a projected larger beef output with a marginal increase in the domestic demand.
Thailand’s domestic and export prices dropped 1-3 percent in response to reduced demand and a further weakening of the Thai baht.
In 2022, Taiwan imported US$ 279.1 million of coffee, an increase of 35.2 percent. It has one of the highest densities of coffee shops in the world.
Türkiye’s cotton production in marketing year (MY) 2023/24 is forecast to decrease to 755,000 metric tons (MT; 3.5 million bales), since farmers will choose to plant less cotton in response to decreasing cotton prices and rising input costs.
Brazil is the second-largest chicken meat producer in the world after the United States, and the largest chicken meat exporter in the world.
Post increased the forecast for 2023/24 cotton area planted to 1.67 million hectares (ha), an increase of just under one percent from the 1.66 million ha cotton area estimate for 2022/23.
Highlight: Beef production and exports in 2024 are projected to increase marginally. Exports at 445,000 tons carcass weight equivalent would be the second highest on record.
India: Success Story - India Cuts Retaliatory Tariffs on US Almonds-Apples-Walnuts-Chickpeas-Lentils
On September 5, 2023, and just in time for the G20 New Delhi Leaders’ Summit, India’s Ministry of Finance issued Notification No. 53/2023 (Customs), officially notifying the lifting of retaliatory tariffs imposed in 2019 on U.S.-origin almonds, apples, chickpeas, lentils, and walnuts effective September 6, 2023.
South Africa's steady growth in poultry production is expected to continue in 2024 as an increasingly vertically integrated industry capitalizes on lower feed prices driven by strong maize and soy production.
In 2022 Japan was the world's sixth largest importer of fresh fruit - relying on imports for around one-third of total domestic supply.