Browse Data and Analysis

In January 2017, hemp cultivation became legal pursuant to Italian law No. 242/2016 promoting hemp cultivation and its industrial uses, leading to a sector revival, with more than 800 farms cultivating 4,000 hectares (ha).

In marketing year (MY)2023/2024, Guatemala is forecast to produce 2.6 million metric tons of sugar from sugarcane from a harvested area of 251,000 hectares.

According to the latest data released by the National Association of the Canned Vegetables Industry (Anicav), Italy is the third largest processed tomato producer in the world (behind the United States and China), representing approximately 14.8 percent of the global production and 56.5 percent of Europe’s production, with revenue of nearly $5.4 billion in 2022.

Corn production in 2023/2024 is forecast to increase slightly, despite a reduction in planted area, as commercial farmers look positively at 2023 average record prices of $625/metric ton (MT) at the wholesale markets.

The Italian food-processing industry continues to be highly fragmented, characterized by growing consolidation of smaller companies.