Browse Data and Analysis

The regional harvested area for Marketing Year (MY) 2024/25 is forecast to rise 17 percent at 1.38 million hectares (MHA) compared to the previous year based on expectations of good farm gate prices and improved security and stability in many cotton-growing areas.

South Africa’s corn crop in marketing year 2023/24 has been affected by an El Niño induced mid-summer drought, resulting in an expected drop of more than 15 percent in crop volume.

The South African ports have been overwhelmed with challenges in the past few years, causing delays in operations and financial losses. In 2022, the Container Port Performance Index by the World Bank ranked the port of Durban 341 out of 348 ports in the world and the Port of Cape Town was ranked 344.

Breaking with historical practice, Korean soybean crushers began operating below full capacity in mid-2023 and are forecast to further reduce crush volume into marketing year (MY) 2024/25. Soybean imports are forecast to recover slightly from MY 2023/24, but will still remain below average levels on sluggish crushing demand.

Ghana continues to demonstrate its conviction that proven science-based advanced technologies remain viable options in the global efforts to achieve food security in the face of various production constraints like climate change.

FAS Nairobi forecasts Kenya's corn production will remain unchanged year-on-year in marketing year (MY) 2024/25 at 3.7 million metric tons (MT) due to similar growing conditions, area harvested, and input availability.

On February 21, 2024, The Government of Rwanda (GoR) published a new biosafety law providing requirements for the transit and utilization of living modified organisms (LMOs) produced through modern biotechnology techniques. This law enters effect immediately.

Due to rising insecurity in grain producing regions and higher input costs affecting planting decisions, corn and rice production is expected to decline in marketing year (MY) 2024/25.

This report analyzes all vegetable oil markets in Korea, whether for food or industrial use, and covers oils derived from soybean, palm, palm kernel, olive, rapeseed/canola, grapeseed, sunflower seed, corn, coconut, sesame, perilla seed (a leafy plant from the mint family), and rice bran.