| The following GAIN reports were released on June 24, 2021. _______ Bulgaria's hotel, restaurant, and institutional (HRI) foodservice industry grew year-on-year until 2019. However, since March 2020, food service sales at restaurants and hotels dropped significantly following COVID-related closures. In 2020, HRI sales were down nearly 40 percent from 2019. Post does not expect HRI to fully recover before 2023, as stakeholders are pursuing new business models and expanding takeout and delivery services. The increase in economic growth and disposable income in countries with large Muslim populations presents an opportunity for U.S. agricultural exporters. Globally, Muslims spent an estimated $1.13 trillion on food products in 2019, and with an expected continued annual growth rate of 3.5 percent between 2019 and 2024, spending is forecast to reach $1.38 trillion per year by 2024. Malaysia's population has a significant pool of engaged consumers with evolving eating habits and growing consumption of imported food and beverages. The Malaysian hotel, restaurant, and institutional food service sector and the ingredient processing sector present great opportunities for U.S. halal agricultural exports. This report provides a general overview on halal and a spotlight on Malaysia, its relevant regulations, the Malaysian halal authority, and approved U.S. halal certifiers. Nigeria's oil palm sector contributes to economic development at all levels – national and state. The country's Oil Palm Development Plan includes a greater focus on increasing the national production average from below 1 million metric tons (MMT) of oil palm to 5 million metric tons (MMT) by 2027. Currently, Nigeria's demand for palm oil outweighs its supply.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. | 
No comments:
Post a Comment