Browse Data and Analysis

Brazil’s Marketing Year (MY) 2022/23 sugarcane crop is estimated at 621 million metric tons (MMT), an increase of eight percent compared to the final estimate for MY 2021/22 (576 MMT), supported by better weather conditions vis-à-vis the previous year. Sugar prices remain attractive and sugar-ethanol plants have focused on sugar production as opposed to ethanol. Brazilian exports for MY 2022/23 are estimated at 28.2 MMT, raw value, an increase of 2.25 MMT relative to the previous season.

China’s inshell walnut production is forecast to increase by 27 percent in marketing year (MY) 2022/23, largely because of a production rebound in western China. Despite uncertainties over an economic slowdown and ongoing COVID restrictions, China’s almond imports are expected to pick up in MY 2022/23, given increased supplies and competitive prices.

For Marketing Year October 2022/September 2023 (MY 2022/23), Post forecasts overall sugar production in the Dominican Republic (DR) to increase to 630,000 metric tons (MT) due to favorable weather conditions. During MY 2021/22, total sugar production reached 625,391 MT, a 2 percent increase from MY 2020/21 due to favorable rainfall patterns that improved agricultural yields.

Since the COVID-19 outbreak in 2020, travel and dining restrictions decimated tourism to the city and negatively impacted the hospitality sector. Hong Kong’s restaurant receipts dropped from $14.4 billion in 2019 to $11.9 billion in 2021.

In 2020, sales of the HRI food service sector reached 140 trillion KRW (122.2 billion USD), a decrease of 3.1 percent from 2019. The pandemic affected the sector harshly and most of its sub-sectors experienced decreases in sales.

FAS Manila adjusted marketing year (MY) 2023 raw sugar production down to 1.85 million metric tons (MT). The weather disturbances and low fertilizer application due to soaring fertilizer prices drastically affected sugarcane production in the Philippines.

South Africa’s food service sector generated revenues valued at US$3.5 billion in 2021, an upsurge of almost 30 percent from 2020. The South Africa hotel, restaurant, and institutional industry was severely affected by the strict restrictions imposed by the South African government to control the COVID-19 pandemic from March 2020.

Spanish tourism is rapidly recovering from the effects of the pandemic and reaching pre-pandemic levels due to a robust rebound in national tourism, partially compensating for the still lower number of foreign visitors. From January through August, 57.3 million tourists arrived in Spain, 10 percent higher than the previous year.

Post estimates that the South African sugar cane crop will grow by 7 percent to 18.4 million metric tons (MT) in the 2022/23 market year (MY), up from 17.2 million MT in the 2021/22 MY. This is based on a return to normal weather conditions, an improvement in yields, and industry efforts to increase production, especially for small-scale farmers.

With favorable weather conditions and an expansion in the area harvested, Turkey’s sunflowerseed production is forecast to hit a record of 1.9 million metric tons (MMT) in marketing year (MY) 2022/23. Production of sunflower meal and oil are likewise projected at record highs.

This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.

For 2022, robust tourism demand will be a key driver for economic growth in the Dominican Republic (DR). The World Tourism Organization recognized the Caribbean nation as its top-ranked country after its rapid recovery in tourism following the COVID-19 pandemic.