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Cotton production in Australia is set for a fourth successive year of high production in marketing year (MY) 2024/25, forecast at 5.5 million bales, which would be the third largest crop. The prospect of average rainfalls over the winter/spring period if realized would establish improved irrigation water availability for growers.
Good vegetation conditions in the east and center regions in Algeria bode for a rebound in MY 2024/25 wheat harvest.
UAE chicken meat imports are forecast to increase in 2024 as domestic production expansion is unable to fulfill rising demand. Brazil’s market share is expected to continue to grow.
Australian beef supply is forecast to climb after the herd rebuild period ends. The marked slowdown in the growth of the national herd is expected to drive a higher female slaughter rate, increase the overall supply of cattle for slaughter, and boost live cattle and beef exports in 2024.
With the development of several billion-dollar projects and nearly 30 million visitors a year, the future for U.S. grain exports is bright. Post anticipates Saudi rice imports to increase approximately five percent over the next several years due to expansions in the food service sector.
Attacks by Houthi rebels in Yemen on commercial vessels have resulted in many shipping companies rerouting away from two of the world's busiest shipping routes — the Red Sea and Suez Canal.
Australia’s food, beverage, and grocery sectors, contribute to a third of all business activity in the manufacturing landscape.
Tunisian MY 2024/25 soybean imports are expected to reach 555,000 MT, compared to 550,000 MT in MY 2023/24 as demand for animal feed increases slightly.