Browse Data and Analysis

Assuming the return of more favorable growing conditions and yields that are in line with historical averages, Turkey is expected to produce more sunflowerseed, cottonseed, and soybeans in MY 2024/25 compared to the previous year, which was marked by dry weather conditions in parts of the country.

The Democratic Socialist Republic of Sri Lanka’s (Sri Lanka) Ministry of Health extended the implementation date of Food (Labeling and Advertising) Regulations (2022) from January 1, 2024 to January 1, 2025.

Rice export prices increased 1-2 percent due to the strengthening of the Thai baht and the demand for white rice from Indonesia.

FAS/Tokyo projects Japan’s beef production in 2024 will be almost flat from 2023 because fewer cows will be culled now that milk production has dropped enough to match demand.

While EU beef production is forecast to further decline in 2024 due to a structural unprofitability of the sector and mounting environmental regulations, the EU pork supply is projected to rebound in 2024.

Argentine beef exports in 2024 are projected up at 920,000 tons carcass weight equivalent, 20,000 tons higher than USDA official.

From February 23, 2024, U.S. wines can access the Thai market duty-free and with lower excise taxes.

Rice export prices remain unchanged as the downward price pressure from the new supplies of white rice offsets the strengthening of the Thai baht.

Brazil is currently at the bottom of the cattle cycle, liquidating inventories since 2023. The oversupply of cattle for slaughter has led to a slow price recovery and longer-term impact to the replacement market.

In January 2024, the Israeli Ministry of Health’s National Food Services found that cultivated beef is “safe for human consumption.”

On February 12, 2024, the People’s Republic of China (PRC) notified the National Standard for Seed of Economic Crops – Part 2: Oil Species (Draft) to the World Trade Organization (WTO).

Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.