Browse Data and Analysis

The UK is forecast to have one of the lowest grain crops on record in MY 2024/25 following challenging winter planting conditions, a very wet winter, and continued rains now disrupting crop management and spring plantings. Not only is this expected to significantly reduce the planted area, but also average yields.

MY 2023/24 saw rather disappointing yields for the UK rapeseed oilseed crop overall. In MY 2024/25 rapeseed production is forecast even lower at 900 thousand metric tons (MT) due to a combination of poor growing conditions, a sharp fall in the price of rapeseed, pest pressure and the increased attractiveness of agri-environment options.

Colombia is the largest South American market for U.S. agricultural products and the seventh-largest market for U.S. food and beverage exports globally. Since the U.S. – Colombia Trade Promotion Agreement (CTPA) was implemented in 2012, U.S. agricultural exports have grown by more than 235 percent to a record $3.7 billion in 2023.

The United Kingdom (UK) recently announced a number of voluntary tariff suspensions for agricultural and non-agricultural products, including around 70 new agricultural product suspensions.

Bulgaria’s fish and seafood imports have grown steadily over the past decade and have nearly doubled. Bulgarian fish and seafood importers are seeking to expand the variety of fish available to consumers, particularly among the mid and high-value categories.

Ukraine’s total imports of fish and seafood rebounded by 28 percent in 2023 after a major war-impacted drop in 2022. The demand for seafood remains strong, although it has shifted from more expensive species to cheaper ones. Strong imports are taking place despite a 20 percent population drop, a major disposable income decline, and new and more expensive trade routes.

Grain production in Ukraine has remained unprofitable since the Russia’s invasion, and this is expected to translate into decreased grain area for MY2024/25. With CY2024 yields forecast below the previous near-record-breaking CY2023, the total grain MY2024/25 production volume is forecast to be lower than for the previous marketing year.

Top U.S. agricultural exports to the Republic of Ireland include soybean meal, distillers grains, forestry products, racehorses, and distilled spirits. In 2023, U.S. agricultural and related exports totaled $669 million, a 5 percent increase over 2022.

Turkey requires the foreign competent authority to issue and sign a manufacturer certificate for imports of plant protection products (PPPs). U.S. Chambers of Commerce and State Departments of Agriculture are authorized to sign the certificates for PPPs from the United States.

MY 2024/25 European Union oilseed production is forecast to decline by about one percent over the previous year with good yields. This forecast is based on the assumption of average growing conditions, lower, more average yields, but increased area which cannot make up for the lower yields.

Türkiye’s cotton production in marketing year (MY) 2024/25 is forecast to increase to 820,000 metric tons (MT; 3.8 million bales), based on the assumption that cotton prices which increased at the beginning of 2024 will remain stagnant and orders to Turkish ready-to-wear apparel producers will at least continue at mediocre levels.

Production volumes of wheat and barley in marketing year (MY) 2024/25 are forecast to remain unchanged compared to last year, while corn production is expected to drop year-to-year by 1.2 million metric tons (MMT) as farmers switch to growing more profitable crops, such as cotton and other row crops.