Browse Data and Analysis

Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.

In 2024, political uncertainty will continue to diminish, and GDP will grow between 1.25 and 2.25 percent due to a recovery in consumption. This will bring opportunities for U.S. exporters looking to ship products to Chile. Agricultural GDP grew firmly in the past three years, reaching $28.9 billion in 2023.