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This is a biweekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.
In 2023, Mexico’s beef production is forecast to slightly increase, but faces slower consumption growth on a year-to-year basis as food inflation soars. As herd numbers increase, overall cattle slaughter is expected to rise. Carcass weights are expected to marginally decrease in 2023 and are offset by larger slaughter numbers of slightly younger animals.
Mexico’s chicken meat production is forecast to increase by three percent in 2023. Although chicken meat is one of the most impacted proteins during Mexico’s inflation crisis, consumption per capita continues to increase, albeit at a slower pace on a year-to-year basis.
In 2022, the total value of all U.S. agricultural and related products exported to the People’s Republic of China (PRC) reached a record $40.9 billion, an increase of 14.5 percent compared to the previous year.
As the PRC dismantles it’s zero-COVID policy measures, there is great optimism about the economy and, particularly, the HRI sector. Stakeholders expect a rebound in travel to fuel recovery in hotels, restaurants, and other outlets.
Rice export prices declined 2-5 percent as new supplies of MY2022/23 off-season rice entered the market.
The People’s Republic of China decision to end COVID restrictions is expected to bolster economic activity which will facilitate food service business and improve demand for certain chicken meat products in 2023.
Although it initially decreased after the war began, Ukraine’s chicken meat production remained stable in 2022. The production was impacted by significant cost increases predominately associated with more expensive trade logistics and a turbulent macroeconomic environment.
In 2021, the Chilean economy grew by 11.7 percent. Government support programs increased disposable income for many consumers, putting upward pressure on consumption of beef, pork, and chicken.
India’s upcoming rabi (winter sown, spring harvested) crop acreages has been boosted to record levels on adequate 2022 monsoon rains in October and generally favorable weather conditions.
The Canadian Food Inspection Agency (CFIA) has opened two consultations related to livestock feeds. The first consultation seeks feedback on proposed changes to the Tables of Permissible Claims for Feed Labels.
The exporter guide provides an economic and market overview, as well as trends and practical tips for U.S. exporters on how to conduct business in Sweden. The report further describes three market sectors (food retail, food service, and food processing), market entry strategies, and high-value product prospects, focusing on consumer-oriented products.