Tuesday, January 28, 2025

GAIN Reports from January 27, 2025

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The following GAIN reports were released on January 27, 2025.

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Argentina: Argentina Slashes Export Taxes Amid Economic Pressures - Sparking Hope for Argentine Farmers

Argentina will cut export taxes on major agricultural commodities, effective January 27, 2025, on key crops including soybeans, corn, and wheat. These lower export taxes will remain in place throughout this crop season until June 30, 2025. The government also permanently eliminated export taxes on other crops such as sugar and peanuts, aiming to alleviate the strain on producers of low global prices, high production costs, and dry growing conditions. The move, welcomed by the agricultural sector, is expected to boost farmer profitability and global competitiveness while signaling potential long-term policy shifts by the Argentine government.

 

Cambodia: FAIRS Export Certificate Report Annual

This report lists the major certificates required by Cambodian government agencies for U.S. agricultural products exported to Cambodia. The list of certificates primarily focuses on major U.S. agricultural exports to Cambodia, such as soybeans and soybean meal, distillers dried grains with solubles, meat and poultry products, fruits and vegetables, and other grocery items.

 

Cameroon: Exporter Guide - Cameroon

While Cameroon has experienced steady economic growth over the past 20 years, and is the largest economy in the Central African Economic and Monetary Community, the country is challenged by low consumer purchasing power, high food inflation, and a difficult business enabling environment. Through November 2024, U.S. agricultural and related exports were valued at $30.4 million. Best U.S. agricultural and related export prospects include animal and aquaculture feed ingredients, and bulk commodities, including corn, rice, soy, and wheat. This report serves as a guide for U.S. exporters seeking to export U.S. agricultural and related products to Cameroon. It provides a market overview, import food standards and regulations, import procedures, market trends, and key contacts.

 

Canada: Grain and Feed Update

The wheat-growing regions of the Prairie Provinces experienced improved soil moisture conditions going into the winter months and during the first three months of winter. The improved moisture conditions are particularly welcome after three years of relatively dry springtime plantings. In MY 2024/25, exports of wheat are forecast to increase one percent over the previous year on a two percent increase in domestic supplies over the previous year.

 

Hong Kong: The Hong Kong Wonton - Volume 5 Issue 1

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: USDA announces an Agribusiness Trade Mission to Hong Kong; Consul General Greg May and ATO Hong Kong welcome leaders from the USA Poultry and Egg Export Council; ATO Hong Kong teams up with celebrity chef Andy Dark to showcase festive U.S. dishes; Hong Kong government unveils a blueprint to boost tourism; Hong Kong hotel tax resumes January 1, 2025; and multi-entry visas for Shenzhen travelers show early signs of boosting retail and catering sales.

 

Israel: Updates to the Israeli Law for Enhancement of Competition in the Food Sector 

Recent amendments to the Israeli Law for Enhancement of Competition in the Food Sector (2014) highlight the efforts of the Israeli government to lower the cost of living. The latest steps taken by the Competition Authority to enforce penalties for those in violation of the law emphasize the importance of this issue to the government. The new amendment and the recent enforcement by the Competition Authority could generate new opportunities for exporters and strengthen their position in the Israeli food market.

 

Namibia: Exporter Guide

The contemporary formal market sector, which provides most of Namibia's income, and the country's traditional subsistence sector make up the economy. While most Namibians engage in subsistence farming and herding, the country employs over 200,000 skilled workers and a significant number of highly qualified professionals. Namibia presents prospects for American exports, particularly for consumer goods as well as Livestock genetics. American exporters face obstacles such as low-priced local and South African suppliers, preferential trade agreements with U.S. competitors, and a weak local currency exchange rate against the dollar. However, Namibian consumers' interest in trying new products has opened opportunities for U.S. exports.

 

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


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