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Interactive Tableau visualization showing the percentage of exported agricultural production for 25 top commodities.
Malaysia was the 25th largest export destination for U.S. agricultural products in 2021 and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry. Food and beverages manufactured in Malaysia not only serve domestic consumers but are also exported to many neighboring countries. U.S. exporters of dairy products, fresh and processed potatoes, food-grade soy, processed fruit and juices, tree nuts and more have many opportunities to supply Malaysian industry which depends on imports for key ingredients and inputs, and in doing so will reach consumers across Malaysia and throughout Southeast Asia.
China’s slowing economy and COVID-related restrictions continue to weaken demand for oilseeds for feed and food use. Soybean imports for marketing year (MY) 21/22 and MY 22/23 are revised downward to 92 million metric tons (MMT) and 96.5 MMT, respectively, on weak demand for vegetable oil in the food service sector and soybean meal (SBM) in the swine and poultry sectors.
India’s soybean production estimate for marketing year (MY) 2022/23 (October-September) is slightly lowered to 11.4 million metric tons (MMT) because of the impacts of the delayed and erratic 2022 monsoon. Cumulative edible oil imports in the October 2021 to June 2022 period have increased one percent to 10.l MMT, and crude palm oil remains the primary consumed oil.
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.
On January 22, 2021, the European Commission (EC) approved five genetically engineered (GE) crops (three corn and two soybeans) and renewed the authorization for three corn crops used for food...
South Asia, which includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, accounts for 24 percent of the world’s population, with 1.84 billion people in 2019.
Post maintains its 2020/21 forecast for soybean planted area expansion at 38.5 million hectares (ha) and soybean production at 131.5 million metric tons (MMT).
Providently timed rains have allowed emergence amid generally positive early oilseed crop conditions, but the absence of significant soil profile moisture in much of the country means that...