Browse Data and Analysis

Rice export prices decreased 1-3 percent as the Thai baht weakened.

Morocco notified G/SPS/N/MAR/105. The notification concerns Morocco’s order on substances prohibited for use in livestock. Comments are due no later than February 17, 2024. An unofficial translation is included in this report.

Post forecasts Ghana’s MY2024 chicken meat imports at 270,000 metric tons (MT), unchanged from the preceding year’s estimate.

The Togolese government has temporarily banned poultry imports due to high quantities of unsold local chicken on the market.

On January 30, 2024, Vietnam notified a draft Circular concerning the quarantine of terrestrial animals and their products to the World Trade Organization (WTO).

FAS New Delhi estimates India’s rapeseed-mustard production for marketing year (MY) 2023/2024 (October-September) at 11.9 million metric tons (MMT), harvested from 9.3 million hectares following favorable cold weather during the rabi crop season.

Post revised down Indonesia palm oil exports estimate to 27.9 million metric ton (MMT) on lower supplies, higher domestic use and expected reduced export demand for 2023/24. Palm oil use for the biodiesel industry is revised down to 12.3 MMT for 2023/24 on lower-than-expected biodiesel distribution in 2023.

In 2024, political uncertainty will continue to diminish, and GDP will grow between 1.25 and 2.25 percent due to a recovery in consumption. This will bring opportunities for U.S. exporters looking to ship products to Chile. Agricultural GDP grew firmly in the past three years, reaching $28.9 billion in 2023.

U.S. exporters should ensure that they apply for the correct certificate from the relevant U.S. government authority.

Mexico’s 2024 federal government budget for the Secretariat of Agriculture and Rural Development (SADER) is USD 4.3 billion, a five percent increase compared to the 2023 budget.

On January 26, 2024, the Department of Trade, Industry and Competition (DTIC) together with the International Trade Administration (ITAC) announced the decision to implement a 25 percent rebate on bone-in cuts and 30 percent rebate on boneless chicken of imported chicken.

MY2023/24 rice and corn production forecasts remain unchanged. MY2023/24 wheat imports are revised up to 3.0 MMT.