Browse Data and Analysis

Australia and the United Arab Emirates announced that negotiations on a new trade agreement, the Australia-United Arab Emirates Comprehensive Economic Partnership Agreement, have concluded.

The Canadian cattle herd is forecast to sustain the long-term trend of contraction to begin 2025 but will begin to stabilize by year’s end on improved feed pricing and availability.

Chicken meat production is forecast to show a modest 2 percent growth in 2025, based on a stable demand, and considering increased imports, especially under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) tariff rate quota (TRQ).

Argentine beef exports in 2025 are projected at a record 860,000 tons, carcass weight equivalent (cwe) as beef production is forecast to increase marginally.

The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, rice, and sorghum based on higher-than-average precipitation and a gradual recovery from exceptional drought conditions.

Australia is experiencing a cost-of-living crisis due to rising inflation. Consumer behavior and societal trends are driving shifts in shopping habits. Meanwhile, sustainability, waste reduction, food integrity, and healthy eating are key factors influencing product choices.

Post projects increased production in both walnuts and almonds in marketing year (MY) 2024/25 due to high yields caused by plentiful rainfall and favorable temperatures. Post estimates walnut production will reach 195,000 metric tons (MT) in MY 2024/25, a 11.4 percent increase year over year.

Paraguayan beef exports in 2025 are forecast down at 450,000 tons carcass weight equivalent with an expected smaller beef supply after a very large slaughter in 2024.

In 2024, Australian beef supply has surged and is projected to reach the second-highest production level on record in 2025. This anticipated expansion follows a major turning point in 2024, with production estimated to increase by 14 percent from 2023 and 34 percent from the 2022 low.

On July 25, 2024, the Province of British Columbia announced additional temporary supports for B.C. wineries to support production of the 2024 vintage. These supports enable all B.C. wineries to produce a 2024 vintage using imported wine grapes, juice, and unfinished wines to supplement a short domestic wine grape crop.

Union workers at Canadian National (CN) Railway and Canadian Pacific Kansas City (CPKC) returned to work August 23 and August 26, respectively, ending Canada's first ever strike involving both major rail lines, which began on August 22.

In 2025, high domestic meat demand and lower prices of animal feed for both cattle and swine are expected to drive up overall cattle, beef, pig crop, and pork production. Despite relatively high inflation levels for food products, beef consumption is expected to grow as consumers shift purchases to more affordable meat cuts.