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U.S. exporters can find ample opportunities in the Iberian Peninsula. Spain is the third-largest European Union (EU) destination for U.S. agricultural products, with Portugal ranking 11th. In 2021, the United States exported $1.6 billion of agricultural products to Spain, or 15 percent of total U.S. agricultural exports to the EU. The United States held a 4 percent market share of Spain’s agricultural imports and 2 percent market share in Portugal, behind other EU member states as a group and Brazil.
Sri Lanka’s market year (MY) 2021/2022 (October-September) rough rice production of 2.57 million metric tons (MMT) was sharply lower, severely disrupted by the Sri Lankan government’s banning of chemical fertilizer imports.