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FAS Nairobi forecasts Kenya’s marketing year (MY) 2024/25 coffee production at 750,000 bags (60 kilograms), a 6.3 percent decrease from the previous marketing year, due to stagnation of harvested area and yield decline.
Fresh fruit bunch (FBB) and kernel yields are expected to remain high in MY2024/25 due to stabilized fertilizer prices and a good weather forecast. In response to the growing domestic and export demands, MY2024/25 soybean production forecast has been raised by 16 percent over the preceding year’s estimate.
Ukraine established a self-limiting trade measure for sugar to create long term trust with its neighbor.
India’s annual import of logs, lumber, and wood products has increased from $630 million to $2.3 billion over the past two decades, with U.S. market share reaching a record high $84 million in 2023.
Weekly summary of U.S. export sales activity for key commodities.
Zambia’s production of its staple crop, corn, is expected to drop by more than 50 percent in marketing year 2024/25, due to extended dry spells associated with the El Niño event. Almost a million hectares of corn have been destroyed by the drought that forced the Zambian President to declare a “National Disaster and Emergency”.
In 2024, the Netherlands lost its manure derogation, an exception through which Dutch farmers could spread more manure on their land than stipulated in the EU Nitrate Directive.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: U.S. Vinters Develop Asian Markets In Earnest; Hong Kong’s First Quarter GDP Expands 2.7 Percent; Unemployment Rate Stays at 3 Percent; Expanded Hong Kong Solo Travel Scheme Will Bring Extra Tourists; Macau’s Economic Output Expected to Return to Pre-Pandemic Levels in 2025...
On April 1, 2024, Angola issued Presidential Legislative Decree No. 1/24 – a new Schedule for Customs Tariffs of Import and Export Duties. The new tariff schedule aims to generate more government revenue while also protecting domestic production.
On May 24, 2024, the Ontario provincial government announced an accelerated plan to allow sales of wine, beer, cider, and ready-to-drink alcoholic beverages in grocery and convenience stores by the end of October 2024. The initial timeline provided for implementation to begin in January 2026.
Australia is a prosperous and industrialized nation with a stable economy. The country’s strong economy underpins its open and transparent trade and investment environment and trade and economic links with emerging economies, particularly in Asia.
On April 15, 2024, the Indian Metrological Department (IMD) predicted above normal 2024 monsoon rains. FAS New Delhi (Post) market year (MY) 2024/2025 (April-March) wheat production is forecast at a record 114 million metric tons (MMT), same as the U.S. Department of Agriculture (USDA) official forecast, on higher than initially expected yields in the northern Indian states due to favorable weather through the harvest.