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- (-) November 2022
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Post forecasts 2022/2023 corn production at a record 126 million metric tons (MMT) based on the growing demand and price for corn both in domestic and international market. This is up 8.6 percent on the 2021/2022 production estimated at 116 MMT.
The Agricultural Trade Office (ATO)/Sao Paulo estimate for the Brazilian coffee production for Marketing Year (MY) 2022/23 (July-June) was revised downward to 62.6 million 60-kg bags, a decrease of 1.7 million bags relative to the previous estimate, due to lower output in Arabica production.
Brazil is the fourth-largest export destination for U.S. agricultural and processed products in South America and depends on international suppliers to meet its demand for food processing ingredients, especially specialty products with high added value. These products offer significant opportunities for U.S. companies to supply Brazilian food manufacturers looking to meet the needs of a growing health-conscious consumer market.
Turkey published its Biosafety Law and implementing regulations in 2010. This legislation has continued to disrupt trade and Turkey’s domestic agriculture and food sectors. The Ministry of Agriculture and Forestry is the sole authority for biotechnology approvals. The Ministry approved seven genetically engineered soybean and corn events in 2022.
Owing to favorable growing conditions and ongoing investments to improve on-farm yields, Turkey’s production and export of apples, pears, and table grapes is forecast at or near record levels in MY 2022/23. At least 80 percent of the projected production of these deciduous fruits will be consumed in Turkey, mainly as fresh fruit.