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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.
FAS and the Economic Research Service jointly publish the quarterly Outlook for U.S. Agricultural Trade. The agricultural export forecast is updated February, May, August, and November.
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.
On February 12, 2024, the People’s Republic of China (PRC) notified the General Directive for Labeling of Agricultural Seeds (draft) to the World Trade Organization (WTO).
On January 26, the People’s Republic of China published draft “Measures for the Management of Red Lines for Protection of Permanent Basic Farmland,” for public comment through February 26, 2024.
Following nearly exponential growth in the last decade, Peru's blueberry export volume fell in 2023 as a result of warmer weather conditions, especially in the principal production areas of northern Peru, which severely limited flowering between March and October.
On February 12, 2024, the People’s Republic of China (PRC) notified the National Standard for Seed of Food Crops – Part 1: Cereals (Draft) to the World Trade Organization (WTO).
Industry experts expect a November 11, 2023, update to the Costa Rican biotechnology regulatory framework will facilitate utilization of innovative biotechnologies and reduce barriers to common applications of modern biotechnology.
Despite ongoing avian influenza outbreaks and increasing competition from imports, strong internal EU demand will drive chicken meat production in 2024.