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- (-) March 2024
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The food processing industry represents the fourth-largest industry in Germany. According to the Federation of German Food and Drink Industries (BEV) estimates, Germany produced $238.9 (€ 218.5) billion of processed food and drinks in 2022.
The regional harvested area for Marketing Year (MY) 2024/25 is forecast to rise 17 percent at 1.38 million hectares (MHA) compared to the previous year based on expectations of good farm gate prices and improved security and stability in many cotton-growing areas.
Following weeks of farmer protests across the European Union, the European Commission published a legislative proposal to amend certain provisions of the Common Agricultural Policy.
South Africa’s corn crop in marketing year 2023/24 has been affected by an El Niño induced mid-summer drought, resulting in an expected drop of more than 15 percent in crop volume.
The UK food ingredients sector is a thriving and competitive market, driven by changing consumer demands, technological advancements, and an emphasis on quality and safety.
The South African ports have been overwhelmed with challenges in the past few years, causing delays in operations and financial losses. In 2022, the Container Port Performance Index by the World Bank ranked the port of Durban 341 out of 348 ports in the world and the Port of Cape Town was ranked 344.
Ghana continues to demonstrate its conviction that proven science-based advanced technologies remain viable options in the global efforts to achieve food security in the face of various production constraints like climate change.
FAS Nairobi forecasts Kenya's corn production will remain unchanged year-on-year in marketing year (MY) 2024/25 at 3.7 million metric tons (MT) due to similar growing conditions, area harvested, and input availability.
In 2023, Portugal imported $293 million worth of agricultural, fish, and forestry products from the United States. Outside the European Union Member States, the United States was the third main origin of Portuguese agricultural and related imports.
In 2023, Spain imported $2.2 billion worth of agricultural, seafood and forest products from the United States, up 3 percent compared to the previous year. Even though inflation rates declined in 2023 as compared to the record highs registered in 2022, they remained higher compared to pre-pandemic levels.
On February 21, 2024, The Government of Rwanda (GoR) published a new biosafety law providing requirements for the transit and utilization of living modified organisms (LMOs) produced through modern biotechnology techniques. This law enters effect immediately.
Due to rising insecurity in grain producing regions and higher input costs affecting planting decisions, corn and rice production is expected to decline in marketing year (MY) 2024/25.