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Reflecting recently released government of Pakistan official data, the 2024/25 wheat production estimate is increased to a record 31.4 million tons.
FAS New Delhi expects India’s ethanol production for 2024 to reach 6.35 billion liters (BL), less than a 1 percent change down from last year due to projected decline in sugarcane production and depleting rice grain storage.
India’s annual import of logs, lumber, and wood products has increased from $630 million to $2.3 billion over the past two decades, with U.S. market share reaching a record high $84 million in 2023.
On April 15, 2024, the Indian Metrological Department (IMD) predicted above normal 2024 monsoon rains. FAS New Delhi (Post) market year (MY) 2024/2025 (April-March) wheat production is forecast at a record 114 million metric tons (MMT), same as the U.S. Department of Agriculture (USDA) official forecast, on higher than initially expected yields in the northern Indian states due to favorable weather through the harvest.
Cumulative rainfall during India's 2023 northeast monsoon was nine percent lower than the fifty-year average, according to India’s Meteorological Department (IMD), spurred by a delay in onset of nearly 20 days.
In 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) published a series of food safety notifications. The FSSAI has re-operationalized its Labeling and Display Regulations, to include a six-month implementation extension of the disclaimer for brand names and trademarks on front-of-pack labels.
In the calendar year (CY) 2023 (January-December), India's Ministry of Fisheries, Animal Husbandry and Dairying/Department of Animal Husbandry and Dairying published the requirement for an integrated veterinary health certificate (VHC) for the import of milk and milk products into India.
Corn exports in 2023/24 are forecast to reach 1.5 million tons. The good harvest and decrease in poultry feed demand resulted in a large exportable surplus at competitive prices. Vietnam, Malaysia, and Sri Lanka are the top destinations. Feed consumption in 2023/24 is reduced from 7.7 to 6.6 million tons.
On January 3, India’s Department of Animal Husbandry and Dairying (DAHD) published on its website, Office Memorandum L-11/1/2019-Trade (E-11542), to delay the implementation timeline of the new integrated Veterinary Health Certificate requirements for milk and milk products by six months.
On December 29, 2023, the Ministry of Trade and Integration announced the first stage of 2024 meat and poultry quotas by HS code for historic suppliers (i.e., importers). The first stage approved the distribution of 2,835 tons of beef and 31,500 tons of poultry.
India is the world’s most populous country and boasts one of the fastest growing economies in the world. As Indian households continue to reach higher levels of consumer spending, imported agricultural products are becoming more accessible to a larger number of people.
In 2022, U.S. exports of consumer-oriented products to Bangladesh were valued at $9.5 million, accounting for less than 1 percent of the market share of the $2 billion in consumer-oriented products Bangladesh imported.