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As a result of the increase in the 2025/26 production estimate, the 2025/26 wheat import forecast is reduced to 1 million tons.

Pakistan is an important market for U.S. food and agricultural-related products, with U.S. exports surpassing $910 million in 2024.

New Zealand continues to be an important market for U.S. agricultural exports. In 2024, New Zealand’s imports of U.S. agricultural products rose by $50 million compared to 2023 to $571 million.

The Government of New Zealand has introduced new legislation to the House of Representatives to ban large scale farm-to-forestry conversions.

New Zealand fluid milk production is estimated at 21.7 million metric tons (MMT) for the 2025 market year (MY). This is slightly above the previous 5-year average of 21.6 MMT and a slight increase compared to MY 2024.

New Zealand’s grain and feed sector is relatively small on a global scale, producing around 2.1 million metric tons (MMT) annually, well below the country’s total demand for feed, leading to the import of approximately 60 percent of its grain and feed needs.

This report provides an overview of the New Zealand wine market as of the publication date. New Zealand imports wine from all over the world, indicating that consumers in the country are open to exploring various wine regions.

Sugar production in 2025/26 is projected to reach 6.6 million tons, which is 13.7 percent higher than the 2024/25 estimated production. This increase is based on expectations for improved sugar content and average cane yield.

Wheat production is projected to fall to 27.5 million tons in 2025/26 due to a decrease in cultivated area and extremely dry weather. This shortfall in domestic production is expected to lead to increased imports, forecast at 1.7 million tons.

Italy’s food processing industry consists of more than 55,000 enterprises that contributed $156.5 billion to the country’s gross domestic product in 2023.

Following the resumption of genetically engineered soybean imports after two years, soybean imports are forecast to rebound to 2 million tons in 2025/26. With a slight increase in domestic production expected, rapeseed imports are forecast to decline.

Driven by a minor increase in area and assuming average yields, cotton production is expected to increase somewhat in 2025/26. With expectations for continued strong export demand, domestic use is forecast to grow modestly in 2025/26.