Post raised the forecast for India's centrifugal sugar production in marketing year (MY) 2024/2025 (October-September) to 35.5 million metric tons (MMT), due to adequate rainfall from the 2024 southwest monsoon. The current year's 2023/2024 sugar production estimate remains unchanged at 34 MMT. Sugar exports in MY 2024/2025 remains unchanged at 3.7 MMT as the Indian government continues to maintain export restrictions. Sugar consumption for the forecast year is projected to remain steady at 32 MMT driven by demand during festival seasons and organized and unorganized catering services. Post increased the forecast for India's MY 2024/2025 ending stock to 13.6 MMT due to a good production year and continued export restrictions.
The following is part of a series of reports prepared by the Agricultural Trade Offices (ATOs) in Monterrey and Mexico City, to provide background on local and regional markets of interest for current and prospective exporters of U.S. agriculture, food and beverage products. This report highlights Hermosillo and the state of Sonora, which possess major horticultural and livestock export industries and close economic and cultural ties to the United States. The information contained in this report summarizes opportunities in what is not traditionally considered one of Mexico's key markets for U.S. products but is a region growing at rates above the national average and with above average GDP per capita. Sonora's production agriculture is already a major customer for U.S. inputs, and Hermosillo as a consumer market shows growing potential for U.S. exports.
Agriculture in North Macedonia is an important contributor to the economic and social development of the country. The country has a negative agricultural trade balance that has expanded lately due to constraints on domestic agricultural production, and increasing demand driven by improving consumer incomes and developing tourism, food service, and retail trade. Rising agricultural imports present some new opportunities to U.S. stakeholders. Current trade prospects range from feed grains and protein meals to red and poultry meat, tree nuts, and whisky. Ongoing farm reforms also are opening doors for new crop and animal genetics and for introducing climate-smart agricultural practices.
This report provides information to U.S. exporters of agricultural and related products on how to do business with the retail food sector in Panama. Important supermarket, hypermarket, and independent specialty food store chains dominates the grocery sector. Panama remains a competitive market for retailers, with the highest per-capita GDP in Central America. Panama is considered the most modern retail economy in the region and includes a robust eCommerce marketplace and food delivery platforms. The Panamanian Grocery eCommerce market is predicted to reach $68.6 million and account for 5.8 of the total cybercommerce.
Korea was the 5th largest country importer of the U.S. agricultural and related products in 2023. The United States is the leading supplier of imported consumer-oriented agricultural products for Korean retail industry, shipping $4.9 billion in 2023. The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products, including pork, dairy, processed fruit, fruit and vegetable juice, food preparations under HS2106, non-alcoholic beverage, and wine.
Turkiye's pistachio production in marketing year (MY) 2024/25 is forecast to reach a new record due to multiple factors. Higher production volumes and larger-than-normal carryover stocks are expected to prompt sizeable export volumes of Turkish pistachios for the first time. While Turkiye's production of tree nuts continues to grow, the country is expected to import substantial volumes of almonds and walnuts in MY 2024/25 to meet steady consumer demand. Imports of U.S. tree nuts continue to be disadvantaged by a 10 percent retaliatory tariff that was imposed because of U.S. Section 232 duties on Turkish steel and aluminum. However, despite this additional tax and growing competition, the United States is still the one of the top suppliers of walnuts, almonds and pistachios to Turkiye.
Hai Phong is Vietnam's third largest city with a rising population of over 2 million. Notably, it is the largest port city in northern Vietnam, containing three main terminals within the Hai Phong port hub. It is an enticing city ripe with opportunities for economic growth due to its proximity to the capital city of Hanoi, bilateral trade partners such as China, and popular tourist destinations such as Cat Ba Island. Due to the Government of Vietnam and foreign investors' continuous support of the city's expansion, Post suggests that U.S. exporters build awareness on their products' export potential within Hai Phong's flourishing retail goods and food service industry.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.
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