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- (-) December 2023
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No significant changes are made to 2023/24 rice and wheat supply and demand forecasts. Private sector wheat import commitments of about 1.4 million tons underpin the 2 million ton 2023/24 wheat import forecast.
Pakistan is the 24th largest export market for U.S. food and agricultural-related products, with U.S. exports surpassing $1.37 billion in 2022. The top U.S. exports to Pakistan were cotton, soybeans, pulses, tree nuts, dairy products, planting seeds, dairy cattle, and forestry products.
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 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.
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.
On 24 November, the Federal Cabinet approved amendments to the National Biosafety Rules, which should enable genetically engineered soybean imports to resume in the first half of calendar year 2024. As a result, the 2023/24 soybean import forecast is...
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...