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Fresh fruit bunch (FBB) and kernel yields are expected to remain high in MY2024/25 due to stabilized fertilizer prices and a good weather forecast. In response to the growing domestic and export demands, MY2024/25 soybean production forecast has been raised by 16 percent over the preceding year’s estimate.
Post forecasts MY2023/24 palm oil production up by 20 percent over the current marketing year’s estimate. Total domestic consumption is forecast marginally up, imports are expected to drop by 14 percent due to increased domestic production, but exports are forecast significantly up compared to the current marketing year’s estimate.
Marketing year (MY) 2022/23 palm kernel production is forecast at 62,000 metric tons (MT), down by about nine percent compared to Post’s MY2021/22 projection. This is mainly because of an annual three-month drought period (December-February) that negatively affects FFB yield, and consequently kernel yield.
The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.
The West African nations of Côte d’Ivoire, The Gambia, Ghana, Nigeria, and Senegal are home to some of the largest cities in the region...
Ghana’s overexploited marine stocks will continue to limit domestic seafood production, while population and economic growth push consumption upwards.
At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.