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FAS/Tokyo projects Japan’s beef production in 2024 will be almost flat from 2023 because fewer cows will be culled now that milk production has dropped enough to match demand.

While EU beef production is forecast to further decline in 2024 due to a structural unprofitability of the sector and mounting environmental regulations, the EU pork supply is projected to rebound in 2024.

Argentine beef exports in 2024 are projected up at 920,000 tons carcass weight equivalent, 20,000 tons higher than USDA official.

From February 23, 2024, U.S. wines can access the Thai market duty-free and with lower excise taxes.

Rice export prices remain unchanged as the downward price pressure from the new supplies of white rice offsets the strengthening of the Thai baht.

Brazil is currently at the bottom of the cattle cycle, liquidating inventories since 2023. The oversupply of cattle for slaughter has led to a slow price recovery and longer-term impact to the replacement market.

In 2022, total imports of chicken meat (excluding paws) are forecast to increase by 3 percent to 930,000 MT.

The Ministry of Agriculture (MOA) has issued a new regulation requiring Import Recommendations for soybeans, however implementation may depend on corresponding regulations from the Ministry of Trade (MOT).

Export prices of white and parboiled rice further decreased 4-5 percent.

On July 14, India's Food Safety and Standards Authority of India extended the compliance timeline for guidelines issued for commercial feeds/feed materials for a limited pool of industry stakeholders,

Despite the impact of the coronavirus pandemic in the Brazilian economy, the retail industry registered a positive performance.

On July 26, Uganda notified a draft standard on powdered silver cyprinid (mukene) to the WTO SPS Committee.