Browse Data and Analysis

Honduras ranks twenty sixth as an ?export destination for consumer-oriented products from the United ??States?. Honduras’s imports were valued in US$ 462.8 million, second only to Guatemala for the Central American region, and seventh in the Americas.

Mexico’s dairy sector is facing challenges, including the rising cost of many inputs. Consumers are grappling with growing food inflation and importers are affected by rising global commodity costs. However, cheese and milk powder consumption and imports, particularly from the United States, remain strong. This report updates Post’s production, supply, and distribution figures from October 2021.

South Africa is set for record citrus exports of 2.7 million tons in marketing year 2021/22 despite ongoing challenges. Favorable weather conditions, new areas under production, and higher demand in premium markets, such as the United States, are driving the growth in exports.

Rice export prices decreased due to the weakening of the Thai baht.

Turkey’s citrus production for MY 2021/22 is forecasted up year-over-year in large part due to improved weather conditions compared to the previous year’s hot weather. While production is up, growers are seeing profit margins shrink as input costs, such as fuel and fertilizer, increase at a faster clip than farm gate prices.

Venezuelan seafood production totaled 241,000 MT in 2021, growing by 16 percent compared to 2020. Seafood products are Venezuela’s largest agricultural export, accounting for more than 54 percent of the total value of agricultural exports in 2021.

For marketing year (MY) 2021/22, Post revises its estimates for fresh lemon production to 1.90 million metric tons (MMT), up by 15 percent, due to favorable weather conditions. Fresh orange production is projected to increase to 920,000 metric tons (MT), and fresh tangerine production is expected to increase to 400,000 MT.

The prevailing extraordinary factors make it difficult to estimate exports for the rest of the year and the coming year. Other factors have been added to the recurrent volatility of the international dairy market.

The United States exports bone-in chicken meat to South Africa under a Tariff Rate Quota (TRQ) arrangement, which was set at 71,290 tons to be imported quarterly for the April 2021 - March 2022 quota year. The US bone-in chicken quota for the year 2021/2022 was filled at 84 percent, a 10 percent drop from the previous quota year.

Assuming normal conditions for open-field cultivation and continued growth in the sector’s use of greenhouse and shade technologies, Mexico’s fresh tomato production for October-September marketing year (MY) 2022/23 is projected to match the official production estimate for MY 2021/22 of 3.7 million metric tons (MMT). Despite abnormally dry conditions in some areas, no major production shortfalls due to weather are present at this time.

Post forecasts consumption of cotton in the Malaysian textile industry at 290,000 bales in marketing year (MY) 2022/23, a 3.3 percent drop from the previous year post’s estimate. The expected reduction is based on textile companies shifting their operation to other South-East Asian countries as the cost of labor increased in Malaysia with the revision of new minimum wages on April 1, 2022.

FAS Manila maintains 2022 pork production while increasing imports 25,000 MT to 400,000 MT, reflecting improved market access conditions. No changes are made to the chicken PSD.