Monday, December 2, 2024

GAIN Reports from November 29, 2024

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The following GAIN reports were released on November 29, 2024.

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The Hotel, Restaurant, and Institutional (HRI) sector is seeing signs of recovery in New Zealand (NZ). However, aches and pains still exist. Meanwhile, NZ continues to recover from a cost-of-living crisis, which sadly caused restaurants to close their doors. At the same time, large hotel chains have developed a couple of new luxury hotels in the main cities. NZ's open borders have increased tourism, giving a healthy boost to the HRI industry. NZ imports of U.S. consumer-oriented products have decreased slightly over the year. However, this decrease is due to "over-ordering" caused by freight and logistics challenges during the COVID years.

 

The cotton production forecast for 2024/25 has been revised downward to 5.2 million bales, with the area unchanged at 2 million hectares.

For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.


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