Browse Data and Analysis

The total value of US agricultural exports in 2023 was USD 1.3 billion, down 4 percent from the previous year. Bulk products fell USD 53 million, while intermediate products rose USD 23 million. The main staple foods are white corn (maize), beans, and rice, with corn being consumed more than wheat or any other grain.

MY2024/25 wheat imports are estimated to reach 1.2 million metric tons as Jordan's government begins filling its strategic grain reserves to mitigate inflationary shocks caused by geopolitical crises. MY2024/25 wheat exports are lowered to 50,000 tons, down 40,000 tons from MY2023/24, as in-kind food assistance programs supplying Syria wind down.

This report highlights all major certificates and permits that the government of Nigeria (GON) requires for exporting food and agricultural products from the United States to Nigeria. It also complements the FAIRS – Annual Country Report for Nigeria (2024).

FAS/Ottawa forecasts oilseed crush capacity (the estimated maximum rate of crushing at which a mill can operate continuously while maintaining a proper level of efficiency) reached 12.99 million metric tons (MMT) in March 2024 and will reach 15.14 MMT by the end of the 2025 calendar year, up from 11.23 MMT in 2023.

MY 2023/24 and MY 2024/25 soybean crush will be well below the five-year pre-pandemic average annual growth due to a slow economic recovery.

Vietnam’s food processing industry comprises some 11,000 companies, valued at $73.8 billion in 2023. Growth in 2023 was 6.1%, down from a blistering 8.8% in 2021 and 2022.

Rice export prices dropped another 1-2 percent this week.

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.

On March 28, 2024, China notified the National Food Safety Standard of Maximum Residue Limits for Pesticides in Foods to the World Trade Organization (WTO) under G/SPS/N/CHN/1299.

Mexico’s 2024 avocado production is forecast at 2.77 million metric tons (MMT), a five percent increase over 2023 on strong export demand. Production in 2023 reached 2.65 MMT, up four percent compared to the previous year.

Food Standards Australia and New Zealand (FSANZ) have updated the laws on allergen labeling for foods sold throughout Australia and New Zealand. The new allergen labeling laws are called PEAL – Plain English Allergen Labelling.

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Hong Kong’s Market for Consumer-Oriented Products Holds Steady at $21 Billion; Quarterly Business Receipts For Service Industries Increases in Q4; Macau’s Migrant Population Grows, Ageing Ratio Climbs; Michelin Announces Seven Bew Big Gourmand Restaurants in Hong Kong and Three in Macau...