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This GAIN-INDIA report updates the FAS New Delhi (Post) GAIN-INDIA | IN2022-0086 | India’s FSSAI Requires Mandatory Registration of Foreign Food Manufacturing Facilities for the Import of Certain Categories of Foods report (October 24, 2022).

This is a biweekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.

FAS Astana estimates wheat production at 16.4 million metric tons (MMT) in marketing year (MY) 2022/2023, which is the largest production volume since MY 2017/2018. FAS Astana forecasts no significant change to wheat and barley planted area for MY 2023/2024.

India’s oilseeds production in marketing year (MY) 2023/2024 (October-September) is forecast to remain flat at 41.5 million metric tons (MMT), mostly unchanged from MY 2022/2023. Unseasonably heavy spring precipitation and a predicted El Niño weather pattern in the wake of severe April-June heatwaves will expose summer oilseed crops to greater incidences of plant stresses and thus impact yields.

Uzbekistan’s cotton production in marketing year (MY) 2023/24 is forecast unchanged from the previous year at 675,000 metric tons (MT) (3.10 million bales).

Sugar production in 2023/24 is forecast at 7.05 million tons, three percent above the 2022/23 estimate. The marginal increase is due to expectations for a recovery in cane area harvested compared to the flood-damaged 2022/23 crop.

FAS Colombo (Post) forecast’s Sri Lanka’s market year (MY) 2023/2024 (October-September) rice production (milled) at 3.16 million metric tons (MMT), with a planted area of 1 million hectares.

On March 31, 2023, India’s Ministry of Fisheries, Animal Husbandry and Dairying/Department of Animal Husbandry and Dairying (DAHD), published its integrated veterinary health certificate (VHC) for the import of milk and milk products into India.

On February 28, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) published Food Safety and Standards (Food Product Standards and Food Additives) Second Amendment Regulations (2023) in the Gazette of India (Notification No. STD/FA/A-1.30/No.1/2020-FSSAI).

As of March 2023, Pakistani authorities still ban genetically engineered (GE) oilseed imports. While they have made some progress in developing a system to allow for GE oilseed imports, uncertainty regarding when that system will be operative clouds the outlook for oilseed imports.

For marketing year (MY) 2023/24, Post forecasts cotton imports at 8.5 million bales. Post reduced its MY 2022/23 cotton import and consumption estimates on high global prices, slowdown of the Bangladeshi economy, and production disruptions due to power shortages.

The potential to introduce U.S. origin food processing ingredients into the Indian market remains strong, due to rising demand for snacking and consumer-oriented food products.