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In 2022, the total value of grocery retail sales in Indonesia reached $100 million, a 9 percent increase from the previous year due to the easing of pandemic-related measures.

This report gives an overview of the Italian food retail and distribution sectors and outlines current market trends, including best product prospects.

The South African retail food market is highly concentrated among the five largest companies, including Shoprite Holdings Ltd, Pick n Pay Retailers Pty Ltd, Spar Group Ltd, Massmart (Walmart-owned), and Woolworths Holdings Ltd.

For 2023/24, Post forecasts soybean planted area at 45.2 million hectares (ha), and production at 159 million metric tons (MMT), based on a yield of 3.52 mt per ha.

China’s cherry production is forecast to increase by 12 percent to 760,000 MT in Marketing Year (MY) 2023/24 because of a rebound in production in Shandong, Sichuan, and Liaoning provinces.

Soybean imports are increased to 98 million metric tons (MMT) and 98.5 MMT in marketing year (MY) 22/23 and MY 23/24, respectively, on rebounding soybean meal (SBM) and soybean oil demand.

Mexico, with its growing population, market-oriented agricultural and food sectors, and 2,000-mile land border with the United States, is the second-largest export market for U.S. agricultural products.

According to a recent survey by Agrarmarkt Austria, food purchasing volumes of Austrian households declined by five percent in the first quarter of 2023 compared to the first quarter of the previous year.

On June 21, 2023, the European Commission (EC) approved three genetically engineered (GE) corn crops and renewed the authorization for three soybean crops and one cotton crop used for food and animal feed. The authorizations were published in the European Union’s Official Journal on June 22, 2032, and they remain valid for 10 years.

In 2022, the total value of all retail food and beverage (F&B) sales in Japan totaled $327 billion. As the market continues to transition to a post-COVID-19 environment, retailers and food and beverage manufacturers have implemented broad price increases on most food and beverage products, due to high inflation.

Korea was the 5th largest country importer of U.S. agricultural and related products in 2022. The United States is the leading supplier of imported consumer-oriented agricultural products for Korean retail industry, shipping $5.9 billion in 2022.

Post sees the food and beverage retail sector growing six percent more slowly than last year. Retail sales continue accelerating as chains open new outlets while enhancing their imports sections.