Browse Data and Analysis

In 2024, Southern Africa faced a severe drought, leading to a significant decline in corn and soybean production, which caused rising food inflation and economic challenges.

In 2024, Taiwan was the eighth-largest market for U.S. agricultural exports, valued at $3.8 billion, 16 percent greater than 5 years ago. The top five U.S. agricultural exports to Taiwan are beef and beef products, soybeans, corn, wheat, and fresh fruits.

The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.

FAS/Pretoria’s Oilseeds and Products annual report provides information on the production, supply, and distribution for soybean, sunflowerseed, and rapeseed in South Africa for marketing year (MY) 2023/24, MY 2024/25, and MY 2025/26.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.

Soybeans from the United States are once again eligible to enter South Africa. After a mid-summer drought that caused a 35 percent drop in production, South Africa needs to import soybeans to supplement domestic production and maintain crushing demand.

Fresh fruit bunch (FBB) and kernel yields are expected to remain high in MY2024/25 due to stabilized fertilizer prices and a good weather forecast. In response to the growing domestic and export demands, MY2024/25 soybean production forecast has been raised by 16 percent over the preceding year’s estimate.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2023/2024 and MY2024/2025, a slight recovery from the previous MY. Weakness in feed demand due to animal diseases was one of the causes for lower soybean imports and reduced crush for MY 2022/2023.

Post forecasts MY2023/24 palm oil production up by 20 percent over the current marketing year’s estimate. Total domestic consumption is forecast marginally up, imports are expected to drop by 14 percent due to increased domestic production, but exports are forecast significantly up compared to the current marketing year’s estimate.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

Despite being one of the largest oil palm-producing countries, Nigeria relies on imports to bridge its supply gap. Private sector investors are expanding oil palm production and increasing processing capacity to take advantage of the prevailing strong domestic and international market demand and high prices.