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- (-) June 2024
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Cote d’Ivoire’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand.
For every five people in Brazil, there are four pets. Despite challenging economic scenario, the pet food industry – which encompasses pet food, pet accessories, and pet medication – continues to expand, making Brazil the third-largest fastest growing pet industry market in the world.
South Africa is one of the most advanced and varied economies in Africa, boasting a strong business sector and advanced distribution networks to major urban centers in the country and throughout the entire Southern African region.
Record orange juice prices are expected to escalate orange juice production as growers increase deliveries for processing. Growers are diverting oranges from the export market and local sales towards processing on favorable prices.
The Brazilian orange crop for Marketing Year (MY) 2023/24 is forecast at 378 million 90-pound boxes (MBx) - standard reference, equivalent to 15.42 million metric tons (MMT), a decrease of 7.3 percent compared to previous Post estimate (408 million boxes or 16.5 MMT), primarily due to poor weather conditions that culminated in a more severe drought, as well as impacts from greening.
Ghana’s economic decline is starting to stabilize after the country sought International Monetary Fund (IMF) support through an Extended Credit Facility (ECF) program worth approximately $3 billion.
Alcoholic beverages imported into Ghana increased from $56 million in 2019 to $87 million in 2023. Similarly, imports of U.S. alcoholic beverages to Ghana are on an upward trend in the same period from $267,000 in 2019 to $1 million in 2023.
Post forecasts Tanzania’s coffee production at 1.5 million bags (60-kilogram) in the marketing year (MY) 2024/25, up from 1.4 million bags in MY 2023/24, due to increased production from recently rehabilitated plantations.
Zimbabwe’s production of its staple crop, corn, is expected to drop by almost 60 percent in marketing year 2024/25 due to extreme drought conditions associated with the El Niño weather phenomenon.
FAS/Nairobi forecasts Uganda’s coffee production in the Marketing Year (MY) 2024/25 to reach 6.9 million bags (60 kg), an increase of 40,000 bags from the previous year, due to adoption of good agricultural practices, targeted interventions to combat pest and disease outbreaks, and maturation of new high-yielding seedlings planted in recent years.
Cote d’Ivoire’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand.
During the past few years, the landscape for U.S. renewable diesel production has drastically changed, akin to the growth of ethanol and biodiesel during the past two decades. Driven by federal and state policies aimed at reducing emissions, this dramatic U.S. renewable diesel production and capacity growth is causing significant, market-altering shifts both domestically and to foreign feedstock trade.