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FAS Mumbai estimates marketing year (MY) 2023/24 India cotton production at 25.5 million 480 lb. bales on 12.4 million hectares area planted, a decrease from the previous year due to the expectation that farmers will shift cotton acreage to higher return crops such as oilseeds and pulses.

The food processing industry is an important component of Ecuador’s manufacturing sector. This sector contributes 45 percent to Ecuador’s manufacturing gross domestic product and grossed $12 billion in net sales.

FAS New Delhi (Post) forecasts India’s market (MY) 2023/2024 (April-March) wheat production at 108 million metric tons (MMT) resulting from 31.9 million hectares.

Indonesia currently imports 65 percent of the raw materials needed for its growing food processing industry.

This report modifies the rice consumption, trade, and stocks analysis of the 2023 Grain and Feed Annual for Indonesia in light of new official information.

With over 1,800 facilities, the Israeli food processing sector is an important player in the domestic economy. In 2021, Israeli food processors' annual revenue stood at $21.23 billion while the beverage and tobacco industry's annual revenue was $2.67 billion.

Peru's grain production has been impacted by a prolonged drought in 2022 and flooding in March 2023, mostly affecting corn and rice. Wheat imports in MY 2023/2024 are forecast at 2.25 MMT.

South Africa is on course to produce a fourth consecutive bumper corn crop in MY 2022/23, which creates a bearish outlook on local corn prices and will limit growth in the area to be planted with corn in MY2023/24.

This report provides more information on the South African food processing sector, including strategies for U.S. exporters interested in entering the market.

Vietnam’s economy has continued to rebound after the COVID-19 pandemic, while also being affected by global inflation and local price hikes for ingredients.

Post estimates that Vietnam cotton imports in marketing year 2022/23 (MY22/23) will decrease at least 5 percent year on year to nearly 6.3 million bales due to ongoing global low demand for textile and apparel products.

Assurances of support from bilateral creditors and the IMF, and goodwill from the international community in helping Ghana weather the economic storm has offered a brighter hope of an economic resurgence.