Browse Data and Analysis

Sugar production and exports are projected slightly up in marketing year (MY) 2024 (October 2023 to September 2024) because of the increase in productivity yields, harvested area, and additional investments made in the sugar sector and increased exports, as the Honduran Sugar Industry fully recovers from the rainy season in November 2022.

The March 2023 Essential Food Price Monitoring Report published by South Africa’s Competition Commission provided a deep dive into the poultry value chain.

South Africa has experienced an upsurge in oilseed plantings over the past 20 years with a near nine-fold expansion in soybean area. Post foresees that the positive trend in soybean plantings will continue in marketing year 2023/24 with area and oilseed production reaching historically high level of 1.8 million hectares and 3.6 million metric tons, respectively.

Honduras is the 24th largest market for U.S. agricultural exports, and the third largest market under the Free Trade Agreement (CAFTA-DR), which entered into force for Honduras in 2006.

South Africa is on course to produce a fourth consecutive bumper corn crop in MY 2022/23, which creates a bearish outlook on local corn prices and will limit growth in the area to be planted with corn in MY2023/24.

This report provides more information on the South African food processing sector, including strategies for U.S. exporters interested in entering the market.