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In MY 2023/24, the EU is facing a second consecutive short olive oil production crop.

On December 13, 2023, Chile and the European Union (EU) signed an updated Free Trade Agreement, or Advanced Framework Agreement as it is currently termed. The new agreement expands market access for Chilean products to the European market and grants expansive protections for 216 geographical indications (GIs), including many commonly used names like feta, gruyere, kölsch, and parmesan.

The combination of drought, water irrigation limitations and abnormally high temperatures during flowering and fruit-setting phases have limited the EU’s citrus production potential in MY 2023/24, which is projected to stay at similar levels as the also short MY 2022/23 crop.

The cane harvest and crushing continued through November in Brazil's main sugar-producing Center-South (CS) region with good weather and prices. Total sugar production is estimated at 41 million metric tons (MMT) for 2023/24. Exports are estimated at 32 MMT.

Brazil requires that imports and exports of animal-origin products be accompanied by certificate with animal health attestations and/or public health attestations. Import requirements are defined by the Ministry of Agriculture and Livestock (MAPA) and a certificate model has to be bilaterally negotiated before trade starts.

The EU adopted new rules for the labeling of organic pet food in the single market. Pet food can now be labeled with the EU organic production logo if 95 percent of its agricultural ingredients are organic.

The European Commission will allocate €185.9 million (approximately $203.3 million) in 2024 for the promotion of European Union agri-food products.

The Food and Agricultural Imports Regulations and Standards (FAIRS) report provides an overview of the food laws and regulatory environment in Brazil as it relates to food and agricultural exports.

The EU's intricate biotechnology policy hinders research and restricts innovative tools for farmers. This results in substantial imports of genetically engineered (GE) feed and limited domestic GE crop production.

Brazil is the second-largest producer of biotech crops in the world with 105 events approved. For the 2022/2023 crop season, FAS Brasilia forecasts 68 million hectares planted with GE traits. Adoption rates for soybeans and cotton reached 99 percent and for corn, 95 percent.

Extreme weather conditions across the EU reduced grain production projections in MY 2023/24, although production is still anticipated to exceed MY 2022/23 levels. EU grain export expectations have deteriorated based on third country competition in...

Following USDA’s revision of Brazil’s cotton balance sheet, production estimates moved one year ahead, meaning that Marketing Year (MY) 2023/24 cotton is equivalent to production bales entering the market in 2023, and not 2024. Post maintained its...