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- (-) June 2024
- (-) Africa (Sub-Sahara)
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Rice export prices further dropped 1-2 percent despite the strengthening of the Thai baht.
Cote d’Ivoire’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand.
South Africa is one of the most advanced and varied economies in Africa, boasting a strong business sector and advanced distribution networks to major urban centers in the country and throughout the entire Southern African region.
Record orange juice prices are expected to escalate orange juice production as growers increase deliveries for processing. Growers are diverting oranges from the export market and local sales towards processing on favorable prices.
Rice export prices further dropped one percent due to the weakening of the Thai baht.
Ghana’s economic decline is starting to stabilize after the country sought International Monetary Fund (IMF) support through an Extended Credit Facility (ECF) program worth approximately $3 billion.
Alcoholic beverages imported into Ghana increased from $56 million in 2019 to $87 million in 2023. Similarly, imports of U.S. alcoholic beverages to Ghana are on an upward trend in the same period from $267,000 in 2019 to $1 million in 2023.
Post forecasts Tanzania’s coffee production at 1.5 million bags (60-kilogram) in the marketing year (MY) 2024/25, up from 1.4 million bags in MY 2023/24, due to increased production from recently rehabilitated plantations.
Zimbabwe’s production of its staple crop, corn, is expected to drop by almost 60 percent in marketing year 2024/25 due to extreme drought conditions associated with the El Niño weather phenomenon.
Rice export prices dropped one percent due to the weakening of the Thai baht.
FAS/Nairobi forecasts Uganda’s coffee production in the Marketing Year (MY) 2024/25 to reach 6.9 million bags (60 kg), an increase of 40,000 bags from the previous year, due to adoption of good agricultural practices, targeted interventions to combat pest and disease outbreaks, and maturation of new high-yielding seedlings planted in recent years.
Cote d’Ivoire’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand.