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Total sales of the hotel, restaurant and institutional (HRI) food service industry totaled JP¥25,517 billion (US$239.1 billion) in 2020, a decrease of 26 percent from 2019 due to the ongoing COVID-19 pandemic.
Post is adjusting its MY 2021/22 crude palm oil (CPO) production forecast down 1.5 million metric tons (MT) from the USDA Official estimate to 18.2 million MT.
Post forecasts 2021/22 corn harvest at a record 118 million metric tons (MMT), up nearly 40 percent on the disappointing 2020/21 harvest estimated at 85 MMT.
Export prices of white and parboiled rice remained unchanged as the weakening of the Thai baht offset higher domestic prices for Thai rice.
With the China Cotton Index (CC Index 3128B) price surging 58 percent from its August 2020 level to RMB 20,150 (or, approximately U.S. $3,100) per metric ton (MT) on October 8, 2021, the Chinese government (PRC) is taking steps to rein in prices.
Market Year (MY) 2021/22 (October-September) centrifugal sugar production will grow by three percent to 34.7 million metric tons (MMT), equivalent to 31.8 MMT of crystal white sugar, on account of higher yields.
On September 29, 2021, the European Commission launched five “EU missions” to address climate and sustainability issues through funding of research and development.
In 2020, Spanish livestock exports continued to reach record levels mainly driven by significant demand in the Middle East for cattle and in Asian markets for pork.
The Hong Kong government recently published a report on its second Food Consumption Survey which highlights local dietary preferences.
On September 28, 2021, the European Commission published a roadmap outlining a new regulation being developed to increase the sustainability of all foods placed on the EU market.
Singapore has a highly developed and competitive hotel, restaurant and institutional (HRI) industry that is traditionally fueled by robust tourism and receipts.
In 2020, the Brazilian Food Service industry was severely impacted by COVID-19 and its turnover was BRL 365 billion (US$70.8 billion), a reduction of 21 percent compared to 2019.