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The African Growth and Opportunity Act (AGOA) which provides preferential market access to the United States is due for reauthorization in 2025.
The General Food Security Authority (GFSA), an agency of the Saudi Ministry of Environment, Water and Agriculture (MEWA), purchased approximately 1.2 million metric tons (MMT) of locally produced wheat in MY2022/23.
South Africa is currently facing the worst outbreak of Highly Pathogenic Avian Influenza (HPAI) since 2017 with seven of the nine provinces in the country reporting outbreaks.
Post forecasts South African raw sugar production at 2.17 million MT in MY 2023/24, up 9 percent from 2 million MT in MY 2022/23, based on an increase in the quantity of cane delivered to the mills and consistent milling efficiencies.
The hotel, restaurant, and institutional (HRI) sector in South Africa is gradually beginning to recover from the COVID-19 pandemic, but challenges remain due to frequent power outages, known as load shedding, and rampant food price inflation.
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over the past year to a record $656 million due to expansions in online shopping platforms.
South Africa's steady growth in poultry production is expected to continue in 2024 as an increasingly vertically integrated industry capitalizes on lower feed prices driven by strong maize and soy production.
Post estimates that South Africa will produce a record rapeseed (locally called canola) crop of 220,000 metric tons in marketing year 2023/24.
Over the past several years, Saudi Arabia published several new regulations and standards, some of which were notified to the World Trade Organization (WTO).
South Africa is the third largest exporter of canned fruits (apricots, pears, and peaches) globally, accounting for 16 percent of the market.
The major export certificates required by Saudi Arabia’s regulatory and import control agencies are included in this Food and Agricultural Import Regulations and Standards (FAIRS) - Certificates Report.
South Africa is currently harvesting its second largest corn crop in history and a fourth consecutive bumper crop. This creates a bearish outlook on local corn prices and will limit an expansion in the area to be planted with corn in marketing year (MY) 2023/24.