Browse Data and Analysis

In market year (MY) 2024/2025, Colombia’s corn production is forecast to decrease to 1.5 million metric tons (MMT) influenced by lower domestic corn prices and dissuading farmers from expanding corn cultivation.

Ghana continues to demonstrate its conviction that proven science-based advanced technologies remain viable options in the global efforts to achieve food security in the face of various production constraints like climate change.

The Canadian cattle herd continues its sustained contraction in 2024. A smaller beef cow inventory will see the 2024 calf crop decline. Improved cattle prices may signal improved heifer retention if moisture conditions and pastures improve, or producers could see this as an opportune time to maximize exiting the industry during a time of better returns.

Soybean imports for marketing year (MY) 24/25 are forecast to reach 103 million metric tons (MMT). Increased soybean meal (SBM) inclusion rates due to competitive prices, stable demand in the poultry sector, and growing demand in aquaculture is expected to offset weaker demand in the swine sector due to forecast declining production in MY 23/24 and MY 24/25.

Indonesia palm oil production is forecast to rise marginally to 47 million metric tons (MMT) in 2024/25 on expected recovery from extreme weather in 2023.

Lower feed prices are expected to boost producer profits in 2024, thereby increasing domestic beef and pork production. Beef imports are forecast to decrease, and pork imports are expected to remain nearly flat.

Following a gradual decline in the national cattle herd over the previous years, breeding cow numbers for beef and dairy are looking to stabilize in 2024. At the end of 2023, a new national coalition government was elected.

FAS/Tokyo forecasts an increase in corn imports and consumption in MY2023/24 and MY2024/25 due to softening global prices and the rebound of the layer population following the recovery of Highly Pathogenic Avian Influenza outbreaks.

FAS Nairobi forecasts Kenya's corn production will remain unchanged year-on-year in marketing year (MY) 2024/25 at 3.7 million metric tons (MT) due to similar growing conditions, area harvested, and input availability.

The China International Import Expo (CIIE) is a trade-focused exposition hosted by the People's Republic of China (PRC) Ministry of Commerce and the Shanghai Municipal Government. This expo aims to boost the consumption of imported products.

Australian beef supply is forecast to climb after the herd rebuild period ends. The marked slowdown in the growth of the national herd is expected to drive a higher female slaughter rate, increase the overall supply of cattle for slaughter, and boost live cattle and beef exports in 2024.

Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations and some major feed producers have initiated contract poultry farming.