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- (-) December 2023
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Mexico was the third largest agricultural export market for U.S. exporters in 2022, with total agricultural exports valued at nearly $28.5 billion. Mexico’s economy grew by 3.1 percent in 2022, returning to near pre-pandemic levels.
In market year (MY) 2023/24, total citrus production in Mexico is expected down slightly by 1.5 percent versus the previous year, driven primarily by a reduction in fresh lime production. While fresh orange production is projected up fractionally, increasingly erratic conditions such as prolonged drought and high temperatures affected the main producing regions in the current year and reduced harvest quality.
Nigeria is the most populous country in Africa, and has the largest economy on the continent. Demographically, its population is relatively young and urbanizing.
In July 2023, President Tinubu declared an "immediate state of emergency on food insecurity" to address high food prices and lackluster agricultural production. Nigeria is considered by some in Africa to be a leader in agricultural biotechnology as it has researched, tested, evaluated, and commercialized several biotech products, including cowpea, a staple crop for smallholder farmers across West Africa.
Post forecasts marketing year (MY) 2023/24 production at 0.92 million 480-lb bales, a 42 percent decline compared to MY 2022/23 due to higher input costs, drought conditions, power outages, and lack of access to new genetically engineered seed...