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.

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).

With expected normal rainfall patterns over the main sugarcane production zones, Post forecasts sugar production in the Dominican Republic to be 630,000 metric tons (MT) in Marketing Year (MY) 2022/2023 (October/September), a 2 percent increase over the previous period last year.

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.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

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.

The Dominican Republic´s food processing industry was valued at $10.6 billion during calendar year (CY) 2021 in activities categorized as “food industry” with an additional $3.2 billion for processed beverages and other products during the same period.

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).