The following Global Agricultural Information Network (GAIN) reports were released on Friday, January 8, 2021. Burma (also called Myanmar) is one of the last untapped markets with one of the fastest growing economies in Asia. U.S. agricultural exports to Burma have grown more than 20-fold since 2012, reaching a record $174 million in 2019. This report serves as a guide for U.S. companies seeking to do business in Burma and provides practical tips and information on local business practices, consumer preferences and trends, and import requirements. It highlights market trends within the retail food, food service, food processing, and livestock feed sectors and identifies U.S. agricultural product categories with growth potential in the Burmese market.
Responding to requests for clarity on Novel Food Regulations, Health Canada announced they will develop and publish new guidance regarding the regulatory interpretation and oversight of plant breeding. The guidance is expected to be published in January 2021, followed by a 60-day comment period. Estimated area planted to genetically engineered crops in Canada was down four percent in 2020, primarily due to less soybean and canola planted in the prairie provinces.
Pakistan ranks as the 25th largest export market for U.S. food and agricultural related products, with U.S. exports surpassing $1.25 billion in 2019. The top U.S. exports to Pakistan were soybeans, cotton, tree nuts, dairy products, pulses, planting seeds, live animals, and wood products. Pakistan is a growing consumer market due to its rapid urbanization and a young population which is shifting traditional consumption patterns away from the purchasing of bulk and raw foods towards that of packaged and processed foods, including ready-to-eat meals, and frozen foods. Despite COVID-19 disruptions to trade flows, U.S. agricultural exports to Pakistan grew 11 percent through October 2020. However, as in most other countries, the global pandemic is expected to reverse the trend of economic growth in Pakistan and to have a severe impact on the food service industry.This Exporter Guide provides an overview of the market, trends, and recommendations to U.S. exporters on how to conduct business in Pakistan. Rice export prices remain unchanged at high levels due to concerns about the strength of the Thai baht despite slow trading activities.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.
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Monday, January 11, 2021
GAIN Reports from Friday, January 8, 2021
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