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The Government of Morocco has released its final wheat and barley production numbers for the 2024 crop, including 1.77 MMT of common wheat, 0.70 MMT of durum wheat, and 0.65 MMT of barley, about 43 percent down from the previous year’s crop.
Rice export prices further dropped 2-6 percent from the previous week despite a strengthening of the Thai baht to a 19-month high.
U.S. pet food exports to China have grown with the increasing number of registered facilities and approved import licenses. The largest share of Chinese pet owners lives in second-tier cities, with export opportunities for U.S. pet food brands that want to reach more of the Chinese market.
No significant changes were made to the 2024/25 wheat supply and demand forecasts. Wheat imports and exports remain banned. The 2024/25 rice production forecast is unchanged at a record 10 million tons.
On July 4, 2024, the Colombian Ministry of Trade, Industry and Tourism (MINCIT) announced the self-initiation of a countervailing duty (CVD) investigation into U.S. milk powder. On September 17, 2024, MINCIT issued a preliminary determination that...
Australia and the United Arab Emirates announced that negotiations on a new trade agreement, the Australia-United Arab Emirates Comprehensive Economic Partnership Agreement, have concluded.
Weekly summary of U.S. export sales activity for key commodities.
The Canadian cattle herd is forecast to sustain the long-term trend of contraction to begin 2025 but will begin to stabilize by year’s end on improved feed pricing and availability.
Chicken meat production is forecast to show a modest 2 percent growth in 2025, based on a stable demand, and considering increased imports, especially under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) tariff rate quota (TRQ).
Egypt’s wheat imports for marketing year (MY) 2024/25 (July – June) are estimated at 12.5 million metric tons (MMT), up by 11.4 percent from Post’s earlier estimate, due to an increase in the availability of foreign currency to facilitate imports.
FAS/Tokyo estimates lower wheat and barley production in Marketing Year (MY)2024/25 from the previous year as unfavorable weather conditions and disease outbreak have reduced yields in main production regions.
On September 12, 2024, Cambodia announced a six-month extension of the temporary ban on the importation of frozen pork offal which had been set to expire that day.