Browse Data and Analysis

Post forecasts marketing year (MY) 2024/25 production at 0.91 million 480-lb bales, basically flat compared to MY 2023/24 due to high input costs, drought conditions, power outages, and lack of access to new genetically engineered seed varieties.

For MY 2024/25, Post estimates that wheat area harvested will total 195,000 hectares (ha), a 2.5 percent decrease from MY 2023/24 to due to high input costs and low prices. Wheat production will reach 1.17 million metric tons (MMT).

Guatemala continues to be a net importer of both yellow corn and rice. Corn area and production in MY2024/2025 are forecast to slightly increase to keep up with increased consumption for both food and feed; the avian sector keeps steady growth at 3-4 percent annually.

In 2023, Mexico imported $51 billion of food ingredient products, of which 63 percent were sourced from the United States. Mexico’s food processing industry is the second largest in Latin America, behind Brazil, making Mexico a top destination for U.S. food ingredients.

Colombia’s food and beverage industry decreased by two percent in 2023 due to stagnating economic growth.

The Dominican Republic’s food processing industry totaled $2.91 billion for calendar year (CY) 2023 in activities categorized as “food industry,” while processed beverages and other products amounted to $2.68 billion over the same period.

This report provides information to U.S. exporters of agricultural and related products on how to do business with the Food Processing industry in Panama. It is primarily a service – based economy, but food processing is one of its top industries.

Post forecasts that Marketing Year (MY) 2024/25 planted area will expand at a slower growth rate, reaching 45.6 million hectares (ha). Post forecasts MY 2024/25 production at 157.5 million metric tons (MMT), 4.9 MMT more than the revised estimate in MY 2023/24.

From March 4-6, 2024, 26 representatives from all ten member states of the Association of Southeast Asian Nations (ASEAN) and Timor-Leste participated in a USDA-funded agricultural biotechnology workshop - along with dozens of private sector stakeholders at the ASEAN Secretariat in Jakarta, Indonesia.

On March 1, the Government of Indonesia’s Halal Product Assurance Agency (BPJPH) listed five U.S. halal certifying bodies (HCBs) on its website as fully accredited to issue halal certificates for U.S. products destined for the Indonesian market.

Wheat imports in marketing year (MY) 2024/2025 are forecast at 2 million metric tons (MMT). Canada led the Peruvian wheat market in calendar year (CY) 2023 with 72 percent market share.

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.