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New Zealand has strict biosecurity rules for plant and animal products but also imports large volumes of food and beverage products.

Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are revised upward, while wheat production is forecast lower at 3.4 million metric tons.

FAS Lima forecasts Peruvian mandarin/tangerine production at 550,000 metric tons (MT), with exports expected to reach 222,000 MT for marketing year (MY) 2022/23 (March 2023 to February 2024).

In 2022, the United States moved up to become the number one market for Taiwan’s agricultural and related exports. However, Taiwan’s exports to the United States, valued at $955 million, did not change substantially from the previous year.

Despite a small population of 7.3 million people, Hong Kong is the tenth-largest export market for U.S. consumer-ready agricultural products. Hong Kong has always been an attractive market for innovative U.S. food and beverage products as well as a gateway to the region.

India’s average ethanol blending rate with petroleum for calendar year 2023 is estimated at 11.5 percent. The National Biofuels Policy of India, amended in May 2022, strengthens efforts to increase domestic ethanol output from sugarcane and multi-feed stocks by expediting pace toward blending goals.

Citrus production in MY 2022/23 decreased for all citrus fruits except tangerines due to freezing weather conditions reaching -7 C during the beginning of the orange blossoming period in March 2022.

Post has adjusted production numbers for tangerines/mandarins and oranges based on the latest data obtained from the Moroccan citrus industry. MY 2022/23 export figures are revised based on trade to date data.

Export and domestic rice prices decreased despite the strengthening of the Thai baht.

In MY 2022/23, European Union (EU) citrus production is projected to amount to 10.4 million metric tons (MMT), 10 percent down from the previous season, especially impacting oranges and lemons, and slightly lower than previous estimations.

This report contains revised production and export forecasts for MY2023/24 by Post

Zimbabwe’s corn crop for marketing year 2023/24 is estimated at 1.5 million metric tons. This represents an increase of five percent from the previous marketing year’s crop, mainly due to a normal rainfall season in the northern parts of the country.