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Attaché Report (GAIN)

South Korea: Retail Foods

The United States is the leading supplier of imported consumer-oriented agricultural products to the Korean retail industry, shipping a record $6.2 billion in 2021. The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products, including beef, pork, processed meat, vegetables, fruits, nuts, dairy products, juices and soft drinks, alcoholic beverages, condiments and sauces, processed organic foods, coffee, bakery products, snacks and confectioneries.
International Agricultural Trade Report

Impacts and Repercussions of Price Increases on the Global Fertilizer Market

Executive Summary Global fertilizer prices are at near record levels and may remain elevated throughout 2022 and beyond. Fertilizer prices account for nearly one-fifth of U.S. farm cash costs, with an even greater share for corn and wheat producers...
In an evaluation of Dutch food policy published on March 29, 2022, Minister of Agriculture, Nature and Food Quality, Henk Staghouwer, proposed to explore the possibilities of introducing a meat tax in the Netherlands.
Attaché Report (GAIN)

Turkey: Food Inflation in Turkey Marches Higher

Food inflation in Turkey is the highest it has been in decades. Average food prices in May were up 92 percent from a year ago. One of the leading reasons behind higher food prices is the rising cost of on-farm inputs, such as fuel, fertilizer, and feed.
Attaché Report (GAIN)

South Korea: Grain and Feed Update

The FAS/Seoul June 2022 Grain and Feed update covers changes to the Korean rice situation since the March 2022 Grain and Feed Annual report. MY 2022/23 rice production will likely decline slightly (1.4 percent) from the previous estimate due to government efforts to avoid overproduction, while consumption and imports are projected to remain unchanged from FAS/Seoul’s initial forecast.
This report outlines specific requirements for food and agricultural products to be imported into Turkey and was prepared by the USDA Foreign Agricultural Service’s Office of Agricultural Affairs in Ankara, Turkey for U.S. exporters of food and agricultural products.
This 2022 Food and Agriculture Import Regulations and Standards (FAIRS) Export Certificate Report for Turkey lists the major export certificates and other requirements expected by the Turkish government for food and agricultural products imports to Turkey.
In June 2022, Poland reported four new outbreaks of African Swine Fever (ASF) on hog farms, The outbreaks were located in ASF restricted areas that have a high concentration of ASF infections in wild boars. Additional outbreaks on farms are expected as the disease is more prevalent in the summer.
For MY2022/23, initially good crop prospects after the abundant rains in April were negated by above average temperatures registered in May and June. In-country grain demand remains relatively stable, driven by the recovery of the tourism sector, despite the somewhat lower livestock products exports and the grain prices hike.
Attaché Report (GAIN)

European Union: Dairy and Products Semi-Annual

EU environmental restrictions are stagnating milk production in Northwestern European Member States (MS). As a result, EU27 peak milk production was likely reached in 2020 and cow milk production in the EU27 is forecast at 144.6 million MT (MMT) for 2022, a decrease of 434,000 MT compared to 2021 and 836,000 MT down from 2020.
Attaché Report (GAIN)

Italy: Retail Foods

This report gives an overview of the Italian food retail and distribution sectors and outlines current market trends, including best product prospects. Italy’s food retail sales reached $167.8 billion in 2021, a 2.9 percent increase compared to 2020 in spite of the lingering COVID-19 pandemic. Increased sales were registered at discount stores (+6.0 percent), hypermarkets (+3.4 percent), supermarkets (+3.3 percent), grocery retailers (+1.2 percent), and convenience stores (+1.2 percent).
After more than 100 days of the Russian-Ukrainian war, wheat prices have surged almost 60 percent globally, hitting their highest levels in 14 years. Egypt, similar to the rest of the world, has been affected by the impacts of this war, especially since 82 percent of its wheat imports over the last five years originated in Russia and Ukraine.