Browse Data and Analysis

On April 10, the Ministry of Agriculture and Rural Affairs (MARA) Plant Variety Protection Office published a notice “Further Clarifying the Submission Requirements for Sexual Propagation Materials,” related to plant variety rights.

On April 14, 2023, the National Development Reform Commission (NDRC) published Announcement No. 369 on Implementation Measures for Improving the Target Price Policy for Cotton.

The General Administration of Customs of the People's Republic of China (GACC) recently updated the list of products subject to Decree 248 and has not notified these changes to trade partners.

FAS/Mexico expects slower growth in the vegetable oil and oil meal sectors in marketing year (MY) 2023/24 compared to recent years, given potential declines in consumer purchasing power, a forecast slowdown in Mexico’s economy, and persistent inflation.

The industrial demand for sugar beets continues to rise, as it provides a higher price, thus incentivizing many farmers to plant more beets. In marketing year (MY) 2022/23 the sugar beets were subject to an outbreak of Rhizomania disease.

Egyptian traders and crushers continue to demand sustainability and quality of supply, both of which are key features of U.S.-origin soybean. This demand produced another record year for U.S.-origin soybean exports to Egypt with 4.07 MMT in exports, was by far Egypt’s largest supplier of soybeans in marketing year 2021/22.

Like many countries in the world, Egypt has been greatly affected by the Russian war on Ukraine, which has caused strain on the Egyptian economy. In 2022, the Egyptian government struggled to rein in inflation caused by rising food and energy prices. In October 2022, Egypt decided to sharply devalue the currency by the end of 2022, inflation reached almost 22 percent.

The government of Egypt has yet to publish or notify an official statement regarding the application of halal certification on dairy past the April 1 deadline. However, the industry reports that another extension from fees has been granted for as much as a year.

Mexico’s sugar production is forecast at 6.25 million metric tons raw value (MMT-RV) in marketing year 2023/24 (October-September), an increase of nearly 3 percent compared to MY 2022/23 based on lower fertilizer costs and a return to average weather conditions.

Sugar cane production in MY 2024 (January-December 2023) is forecast at 9.9 MMT, increasing nearly three percent from the MY 2023 estimate.

By early April 2023, many Ukrainian official agencies and private companies published their end-of-the-year results. This report provided valuable insight into wartime macroeconomic and agricultural developments.

This is a biweekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.