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On November 5, the Ministry of Agriculture and Farmers Welfare published a marketing year 2024/25 production forecast at the lowest level in five years, at 23.4 million 480 lb. bales on an area of 11.4 million hectares.
FAS/San José expects orange production to increase approximately 11 percent in marketing year (MY) 2024/25 to 250,000 metric tons. Production in MY 2023/24 was lower than previously expected at 225,000 metric tons as a result of erratic rainfall patterns associated with the El Niño weather phenomenon.
The cotton production forecast for 2024/25 has been revised downward to 5.2 million bales, with the area unchanged at 2 million hectares.
This report provides economic, market, and regulatory analysis for U.S. exporters looking to do business in Costa Rica, highlighting trends and offering a practical overview of the local market.
India’s 2025 beef production (mostly carabeef) is forecast to reach 4.64 million metric tons (MMT), up from 4.57 MMT in 2024, on steady domestic and increased export demand.
Sri Lanka’s agricultural biotechnology policies remain unchanged. Over the past year, there has been no progress in the approval of its draft Biosafety Act, which establishes a system to protect biodiversity, the environment and human, plant and animal health while minimizing the risks of biotechnology.
FAS Mumbai forecasts MY 2024/25 Indian raw cotton exports at 1.2 million 480 lb. bales, 55 percent lower than previous estimate, due to India lint prices trading four percent higher than global prices, prompting buyers to prefer finer quality machine-picked cotton from foreign origins.
Kazakhstan has not announced any changes to its biotechnology policies. Major challenges like climate change, variable weather, monocropping wheat, and the reliance on Eurasian Economic Union (EAEU) member biotechnology regulations could be a future catalyst for Kazakhstan to develop its own biotechnology law.
Post projects a slight increase in fresh apple production in Marketing Year (MY) 2024/25, forecast at 488,000 metric tons (MT), while pear production is expected to decrease to 655,000 MT from the previous year.
On September 25, 2024, India’s Ministry of Agriculture and Farmers Welfare (MoAFW) released final production estimates of major crops for Indian crop year (ICY) 2023/2024 (July-June). MoAFW estimated grain production at a record 332.3 million metric tons (MMT) due to record production of rice and wheat.
The Government of Argentina (GOA) approved five new genetically engineered (GE) events in late 2023 and 2024, including one cotton, two soybean, and two corn events. In 2024, the first three applications were submitted for joint assessment by the agricultural regulatory agencies of Argentina and Brazil under the Cooperation Agreement on Biosafety of Modern Biotechnology Products, signed in 2022.
In 2024, the Pakistan government issued revised Biosafety Rules and Regulations, creating a system to request genetically engineered (GE) commodity imports for food, feed, and processing (FFP). As of mid-October 2024, importers had submitted several applications to import GE soybeans for FFP.