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- (-) December 2024
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In contrast to the production surplus in MY 2023/24, total citrus production is expected to decrease 36 percent in MY 2024/25 to around 5 million metric tons (MMT) due to excessive heat during the blooming period and drought conditions during the harvest period. Due to projected decreased production, it is expected that citrus prices at supermarkets will increase.
In recent years, the demand for nuts in South Africa – especially almonds – has risen with consumers’ desire for nutritious snack choices and in-home baking ingredients. Food manufacturers have increasingly used almonds in baked goods, breakfast cereals, mixed snacks, granola bars, and trail mixes.
In Marketing Year (MY) 2024/25 growers in South Africa are forecast to divert more citrus volumes towards processing as elevated prices make juicing a lower risk alternative. The production of orange, grapefruit, tangerine/mandarin and lemon in MY...
South Africa's hotel, restaurant, and institutional (HRI) industry has mostly recovered since the COVID-19 pandemic; however, the sector continues to struggle from inflation, high food prices, and persistent unemployment. All the same, the food...
Turkiye’s HRI sector continues to grapple with rising inflation and economic uncertainty, while sales in terms of U.S. dollars have yet to recover to pre-pandemic levels.
Turkiye’s cotton production in marketing year (MY) 2024/25 is forecast to increase to 865,000 metric tons (MT; 3.97 million bales), since farmers planted cotton on larger area in response to temporary cotton price hikes during the planting season and because of better yields compared to last MY due to better weather conditions.