Browse Data and Analysis

Record-high remittances continue to boost consumer spending in 2024. U.S. agricultural exports to Nicaragua through September 2024 are up four percent compared to the same period in 2023.

Import permits for genetically engineered (GE) corn from the United States are once again issued by South Africa. After a mid-summer drought that caused a 22 percent drop in production, South Africa needs to import corn to supplement domestic production.

Post received confirmation on United States genetically engineered (GE) soybean eligibility to enter South Africa. After a mid-summer drought, South Africa needs corn and soybean imports to complement local production. South Africa allows for the importation of synchronized GE event approvals from an exporting country.

The Venezuelan private sector supports biotechnology use and application. Nevertheless, the Venezuelan authority maintains a ban on the domestic use and research of modern biotechnology-derived agriculture.

The production of apples, pears and table grapes is forecast to improve in MY 2024/25 from MY 2023/24 based on the cold, wet winter of 2024 and new trees coming into production.

In June 2024, the Nicaraguan Institute of Agricultural Protection and Health (IPSA) issued an executive resolution to strengthen the risk mitigation measures for the monitoring and testing of GE grains.

Wine grape production in 2025 is forecast to improve by five percent on favorable winter conditions, which will translate into a slight increase in wine production.

The lower corn crop in marketing year 2023/24, coupled with strong regional demand, especially for white corn, has prompted higher prices in Southern Africa.

Porcine semen is now eligible to be exported to South Africa from the United States.

FAS estimates Venezuela corn production at 1.36 million metric tons for the new market year (MY) 2024/2025 on a planted area of 350,000 hectares. Significant economic uncertainty persists following the July 28, 2024, presidential election, and higher inflation and a scarcity of U.S. dollars will likely inhibit increased corn acreage and limit yields.

The five biggest corporations, Shoprite Holdings Ltd., Pick n Pay Retailers Pty Ltd., Spar Group Ltd., Walmart-owned Massmart, and Woolworths Holdings Ltd., account for a substantial portion of the retail food market in South Africa. When combined, they make up over 60% of all retail food sales.

Soybeans from the United States are once again eligible to enter South Africa. After a mid-summer drought that caused a 35 percent drop in production, South Africa needs to import soybeans to supplement domestic production and maintain crushing demand.