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Mexico cotton production and area planted is forecasted to increase in marketing year (MY) 2022/23, mainly due to high global demand and corresponding high prices. Additionally, drought conditions observed during the planting season over the past two years, has encouraged the planting of cotton over other more water reliant crops.
Post forecasts that the South African sugar cane crop will expand by 9 percent to 18.8 million metric tons (MT) in the 2022/23 market year (MY), based on a return to normal weather conditions, an improvement in yields, and marginal increases in planted area.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
South Africa is a middle-income emerging market with a well-developed agribusiness sector that plays a significant role in job creation and economic growth. Although largely self-sufficient in agricultural production, South Africa offers some opportunities for U.S. exports, especially in the food ingredients sector.
South Africa experienced an upward trend in oilseed production (soybeans and sunflower seeds) driven largely by rising oilseed prices, higher yielding cultivars, and a local demand-pull from investments in new oilseed processing plants.