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Türkiye, Israel’s third largest foreign supplier of imported agricultural and related products, recently announced a ban on all trade with Israel due to the regional conflict. Accordingly, Israeli importers may look to source certain agricultural imports from elsewhere.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
Egypt reversed the widely criticized mandate by the Central Bank of Egypt for importers to utilize a process where letters of credit would substitute the long-established cash-against-documents process.