Browse Data and Analysis

Vietnam’s cotton imports for marketing year 2024/25 (MY 2024/25) are estimated at 6.8 million bales, up 4 percent over MY 2023/24 based on an expected recovery in global demand for textiles and garments by late 2024.

Israel does not have a policy restricting the use of imported genetically engineered (GE) commodities or derivative products. There are no changes in Israel’s policy towards plant, animal biotechnology, and microbial biotechnology since 2023.

The Government of Vietnam (GVN) issued Decree 144/2024/ND-CP on November 1, 2024, lowering Most-Favored-Nation (MFN) tariff rates on soybean meal to one percent from two percent. The Decree will enter into force on December 16, 2024.

The beef sector in Israel is growing and is heavily reliant upon imports. Israel’s lack of grazing land for cattle and an increasing population are the main factors contributing to the growth in demand for beef imports.

With over 2,500 facilities, the Israeli food processing sector is an important player in the domestic economy. In 2022, Israeli food processors' annual revenue stood at $23.19 billion.

This report supplements GAIN report IS2-24-0020: Israel Adopts Additional European Union Standards for Agricultural Imports and includes translations of the documents from Hebrew to English referenced in the report.

This report provides an unofficial translation of Vietnam's Government Decree 120/2024, issued on September 30, 2024.

Growth in the agricultural sector slowed in the first nine months of 2024 due to extreme weather, particularly Typhoon Yagi, which severely affected crop cultivation and livestock farming.

On August 4, 2024, the Government of Israel published the “Tenth Amendment to the Protection of Public Health (Food) – 2015” legislation under the Food Reform Law, which adopted more than 40 new food directives and regulations aligning with European Union standards.

Vietnam’s food retail market consisted of over 665,000 outlets generating sale revenue of $55 billion in 2023, up four percent compared to 2022. Although the global economic downturn has slowed growth, key retailers remain optimistic about the potential of Vietnam's retail market.

Israel is a net importer of all major categories of food products. The Israeli food retail sector was estimated to be $20.7 billion in 2023, and during the same year, Israel imported around $4.96 million of consumer-oriented products.

Post maintains Vietnam’s soybean meal consumption forecast for the marketing year (MY) 2023/24 at 5.85 million tons, aligned with feed consumption. It expects consumption to rise to 6.1 million tons in 2024/25 due to increased demand for animal and aquafeed.