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FAS/Tokyo projects Japan’s beef production in 2024 will be almost flat from 2023 because fewer cows will be culled now that milk production has dropped enough to match demand.

While EU beef production is forecast to further decline in 2024 due to a structural unprofitability of the sector and mounting environmental regulations, the EU pork supply is projected to rebound in 2024.

Argentine beef exports in 2024 are projected up at 920,000 tons carcass weight equivalent, 20,000 tons higher than USDA official.

From February 23, 2024, U.S. wines can access the Thai market duty-free and with lower excise taxes.

Rice export prices remain unchanged as the downward price pressure from the new supplies of white rice offsets the strengthening of the Thai baht.

Brazil is currently at the bottom of the cattle cycle, liquidating inventories since 2023. The oversupply of cattle for slaughter has led to a slow price recovery and longer-term impact to the replacement market.

This biannual report, published in June and December, includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in coffee.