Browse Data and Analysis

On April 27, 2022, the Turkish Government published new Biosafety Decision approvals for the import of genetically engineered (GE) soybean and corn. The Ministry of Agriculture and Forestry (MinAF) approved two new soybean events and two new corn events for feed and cancelled the approvals of three corn events and one soybean event.

Sugar production in Venezuela for MY 2022/23 is forecast to increase by 39% to 265,000 MT. The increase is primarily due to yield gains as a result of better access to quality inputs and a reduction in diesel shortages, as well as more favorable prices for producers.

In response to an increase in the seasonal sugar beet purchase price, farmers are expected to plant more beets in MY 2022/23. In parallel with expanded plantings, beet sugar production in MY 2022/23 is forecast up year-over-year to 3.1 million metric tons (MMT).

This report identifies the export certification requirements by agricultural and food product. The Venezuelan ministries issue import permits, import licenses, and register processed food products. This report reflects minor changes from the 2021 report.

This report is an annual update of Venezuela's agricultural product import standards and enforcement mechanisms for U.S. exporters of agricultural commodities, foods, and beverages. Venezuela remains a complicated but promising market for U.S. agricultural products. The market has grown by 260 percent since 2019, illustrating opportunities exist.

With improved weather conditions, wheat, barley, and rice production are forecast to increase in MY 2022/23. In contrast, corn production is forecast down as farmers switch to other more profitable crops. Overall grain production in MY 2022/23 will be influenced by rising input costs, which the Turkish government is trying to offset with higher support payments for fertilizer and diesel.

As Venezuela’s economy continues to recover into MY 2022/23, Venezuela is expected to increase its consumption of wheat by 5.2 percent. With rising global prices of wheat, Venezuela may shift to more price competitive sources like Brazil and away from the United States for wheat grains.

While Venezuela poses unique challenges as an export market, opportunities are growing for U.S. food and agricultural exporters to enter and expand in the market. Domestic production cannot meet consumer demand, leading to a continued dependence on...

Venezuelan agricultural imports grew by 33.1 percent in 2021 due to a stabilization of the economy and a recovery in consumer demand. Nevertheless, agricultural imports fell by 5.1 percent in volume due to significant commodity prices increases.

Post estimates cattle numbers in 2022 are expected to stagnate with 18 million head, including buffaloes, due to slow population growth rate, low raw milk prices, and an increasing number of cows being sent to slaughter because of high feed prices, despite government incentives.

Turkey’s cotton production in marketing year (MY) 2022/23 is forecast to increase to 925,000 metric tons (MT) (4.2 million bales) based on the assumption that farmers will plant more cotton in response to strong cotton prices. Growing demand for textiles and apparel is expected to push MY 2022/23 cotton consumption higher to 1.9 million MT (8.7 million bales).