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- (-) January 2022
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Wheat production in marketing year (MY) 2021/2022 is estimated at a record 21.8 million tons, 1.3 million tons higher than the official USDA number. In consequence, exports are increased to 15.2 million tons (including flour in its wheat equivalent).
The United Arab Emirates' food processing sector is expanding due to significant public and private sector investments, low regional tariffs, and a convenient geographic location bolstered by excellent infrastructure.
The United Arab Emirates (UAE) is home to 9.8 million people. It ranks among the world’s richest in terms of per capita wealth. According to the International Monetary Fund in 2020, the UAE had a gross domestic product (GDP) of $421 billion, and a per capita spending level in line with that of developed economies, $35,000.
Despite initial favorable conditions, Argentine oilseed crops have faced warm and dry weather across most growing regions since mid-December. Rains are needed soon to forestall more significant yield reductions. Post reduces its projected Marketing Year (MY) 2021/22 soybean production to 46.5 million metric tons (MMT), 3 MMT below USDA Official.
This report includes technical requirements and export certificates for the export of food and agricultural products to Argentina. It complements the Food and Agricultural Import Regulations and Standards Annual Country 2021 Report.
This report provides overall information on regulations and standards for importing U.S. food and beverage products to Argentina. Post recommends U.S. suppliers interested in the Argentine market contact our office or local importers to discuss the rules and regulations applicable to import requirements for particular products.
Argentine imports of consumer-oriented food and beverages in 2022 are projected to remain at 2021 levels, due to continuing economic uncertainty, weak consumer spending, and the expectation of high inflation.