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Rice export prices increased 1-2 percent due to the strong demand for Thai rice and the strengthening of the Thai baht.
This report seeks to provide an initial road map for U.S. companies exporting food products to Colombia. In 2022, the United States exported $3.7 billion in agricultural products to Colombia, which secured its position as Colombia’s top supplier of food and agricultural products.
For marketing year (MY) 2023/24, Post estimates an increase in fresh lemon production. This upward revision is attributed to producers' expectations of favorable weather conditions. Post’s MY 2022/23 production estimate is revised up 12 percent due to less severe drought conditions than initially expected.
This biannual report, published in June and December, includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in coffee.
In marketing year (MY) 2023/24, Post projects lemon production to grow by 6.7 percent and reach 175,000 metric tons (MT) due to high profits and an increase in area planted.
FAS Lima forecasts Peruvian mandarin/tangerine production at 545,000 metric tons (MT) for marketing year (MY) 2023/24 (March 2024 to February 2025), a decrease of one percent compared to the previous year.
Indonesian cotton imports in 2023/24 are forecast to marginally increase by 5.9 percent to 1.8 million bales compared to 1.7 million bales in 2022/23 assuming spinners will use more inventory on hand before making new purchases.
The Indian market remains a bright spot, as its economic growth continues in 2023. India is one of the fastest-growing major economies in the world despite the volatile geopolitical and economic conditions, India is on an upward trajectory.
Nigeria is the most populous country in Africa, and has the largest economy on the continent. Demographically, its population is relatively young and urbanizing.
Peru is the second largest export market for U.S. agricultural products in South America. U.S.-origin food and agricultural product exports to Peru benefit significantly from the U.S. - Peru Trade Promotion Agreement (PTPA).
In 2022, Spain imported $2.2 billion of agricultural and related products from the United States. Outside the European Union Member States, the United States was the fifth largest origin of agricultural and related imports.
Bulgaria’s grocery retail sector has remained stable and vital despite the COVID-19 pandemic, the galloping inflation, and the war in Ukraine. Grocery retail sales rose year-on-year by 2.8 percent in 2021 and 4.8 percent in 2022 as compared to the previous years.