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- (-) April 2021
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Despite the economic slowdown caused by the COVID-19 pandemic, Post Dhaka has increased its cotton import forecast for marketing year (MY) 2021/22 to 7.6 million bales as a result of higher demand for locally spun yarn.
On March 16, 2021, the International Trade Administration Commission (ITAC) announced plans to review the tariff structure of poultry.
South Africa’s well-developed food processing sector has been under pressure since the March 2020 national lockdown due to COVID-19, which imposed many restrictions on the food industry.
Post forecasts that the South African sugar cane crop will increase by 3 percent to 18.8 million Metric Tons (MT) in the 2021/22 MY, based on normal weather conditions, improvements in yields, and marginal increases in area planted.
Bangladesh’s feed industry is currently recovering from a difficult marketing year (MY) 2019/20 (i.e., July to June).
Post predicts that South Africa’s positive trend in soybean plantings will continue in the 2021/22 MY in line increased local crushing capacity.