Browse Data and Analysis

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.

The Government of Argentina (GOA) approved three new Genetically Engineered (GE) events in 2021 (two corn events and one alfalfa).

From January 1, 2021, the UK has been responsible for authorizing products of genetic engineering (GE) using retained EU law. Nine GE crops are currently out for public consultation as part of the new UK approval process, with a similar number still pending.

The European Union’s (EU) complex and lengthy policy framework for biotechnology creates a challenging environment for research and limits access to innovative tools for EU farmers.

On December 24, 2021, the State Council Tariff Commission (SCTC) extended the Section 301 retaliatory tariff exclusion period for Sorbitol and other select U.S. commodities.

On December 23, 2021, the Ministry of Consumer Affairs, Food and Public Distribution, through the Department of Food and Public Distribution, issued the “Soya Meal Stock Control Order, 2021.”

Brazil’s economy was forecasted to suffer a sharp drop in 2020; however, the decline was far less than expected. Gross Domestic Product (GDP) declined 4.1 percent, reaching $1.4 trillion.