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MY2022/23 is characterized by a small decrease in rapeseed production and an increase in imports of soybean meal and oil. Total United Kingdom (UK) rapeseed area in MY2022/23 is forecast to increase by 17 percent with an anticipated yield of 3Mt per hectare, slightly below the Defra five-year average of 3.3Mt per hectare.
Sugar production in marketing year MY 2022/23 is forecast to decrease to 530,000 MT, down five percent from the MY 2020/21 estimate, due to fertilizer and pesticide price increases during 2021, and despite a slight increase in planted area of 1,000 hectares.
Food and drink production is the UK’s largest manufacturing sector. UK consumers demand products containing a wide range of ingredients, some of which cannot be sourced entirely in the UK.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
The food processing industry is an important component of Ecuador’s manufacturing sector. In 2020, the sector contributed $6.5 billion to Ecuador’s gross domestic product and grossed $11 billion in net sales. Excellent sales prospects exist for U.S. food ingredient products to supply this industry.
The Government of Ecuador continues defining the yearly minimum price for local production of corn, rice, and wheat. The Minister of Agriculture supports the reduction of corn area and the shift to other crops that are mainly focused on the export market.