Browse Data and Analysis

Australia has proven to be an appealing and profitable market for U.S. companies for many years. Apart from an extremely strict quarantine regime, it offers few barriers to entry, a familiar legal and corporate framework, and a sophisticated, straightforward business culture.

Turkey’s food sector is diverse and growing, despite COVID-19 and recent economic difficulties. COVID-19 prompted a health and wellness trend among many middle-class consumers, who are looking for healthier processed and packaged food products.

Turkey’s production of chicken meat in 2022 is projected higher, in large part because of anticipated strong export demand from neighboring countries and China.

In the last couple weeks, Turkey has imposed temporary export bans on select agricultural products to stabilize local market conditions and keep prices from running higher.

Fearing rising prices and the perceived threat of sunflower oil shortages, customers have scrambled in recent days to stock up on cooking oils.

Turkey’s production of major oilseeds – sunflowerseeds, cottonseeds, and soybeans – in MY 2022/23 is projected to rebound from the previous year as strong prices are expected to spur increased plantings.

In 2022, the Australia beef industry is set to continue its herd rebuilding phase which began in 2021. As the herd numbers have begun to recover, overall cattle slaughter is expected to rise from the 50-year low of last year.