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Panamanian consumers continue perceiving U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand of 14.8 % annually.
French wheat exports to Algeria decreased by almost 47 percent due to a lack of available quality and quantity, opening Algeria to exports from Poland and Germany.
The Ministry of Agriculture (MoA) recently announced that it supports the creation of new dairy cattle farms and importing 90,000 dairy cattle in the near future.
U.S origin dairy products trade resumed in 2011 and exports have been on an upward trend since then and it seems for the foreseeable future.
In late October the Ministry of Agriculture (MoA) reported that total cereal production for MY2014/2015 is estimated at 3.4 MMT but continues to be silent about bread wheat and durum productions.
Algeria’s MY 2014/15 total grain production suffered from water stress due to the spring drought. The preliminary forecast is 3.0 MMT, a 38 percent decrease from last year’s crop of 4.9 MMT.
Panama has approved the imports of GM corn seeds for local production, and has conducted GM mosquitoes and salmon field tests.
According to major economic forecasts, Panama is expected to experience the greatest growth in the region during 2014, at an expected rate of 7.2 %, despite delays in the canal expansion project.