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2021 Argentine milk production is revised upwards to 11,900 million tons on favorable weather conditions. Whole milk powder exports are estimated at 142 million tons on competitive prices and low domestic margins.
The Venezuelan regime bans the use and research of modern biotechnology-derived agriculture. The United States is currently the leading exporter of biotech-derived crops to Venezuela, including corn, soybeans, soybean meal, and soybean oil.
A new export certificate for raw bovine parts has expanded U.S. exporters' access to the booming Costa Rican pet food market. U.S. pet food exports to Cost Rica have nearly doubled year-to-date, reaching $39 million through October 2021.
Despite deteriorating political and economic conditions, U.S. food and agricultural exports through the first nine months of 2021 exceeded $300 million – shattering previous annual records – driven by strong commodity prices and increased demand for U.S. feed grains.
The legal and regulatory situation to allow the planting of genetically engineered (GE) crops in Ecuador remains the same as 2020. Commercial cultivation of GE crops is not permitted, however cultivation for research is allowed and an exception exists for GE products without recombinant or foreign DNA in the genome.
On February 2021, Peru extended the previous ten-year biotechnology moratorium for another fifteen years. Similar to the previous moratorium, Peru has yet to notify the measure to the World Trade Organization. In general, biotechnology remains misunderstood by the public in Peru.
Strong global commodity prices and sustained Nicaraguan livestock sector growth helped propel U.S. agricultural exports to Nicaragua through September 2021 to new heights.
After overcoming COVID-related labor and supply chain disruptions, Costa Rica’s orange production is expected to rebound to 300,000 metric tons in 2022, pushing total orange juice exports slightly higher to 33,000 metric tons.
With a stable democracy, predictable business climate, and economic growth fueled by a resurgent tourism industry, Costa Rica presents excellent export opportunities for U.S. food and beverage exporters in 2022.
Brazil is the second-largest producer of biotech crops in the world with 115 events approved. Post forecasts the total area planted to GE crops reached over 56 million hectares during the recently completed crop year of 2020/2021. Adoption rates for...
U.S. exporters enjoy a strong position in the Honduran market, thanks to the CAFTA-DR agreement. More than 95 percent of U.S. industrial and commercial goods can enter the country duty free, with the remaining tariffs to be phased out by 2025. Close...
Mexico's marketing year 2021/22 cotton harvest is ongoing and proceeding well, due to optimal weather conditions and sufficient water supplies in almost all producing states. Good international prices for fiber and high global and domestic demand...