| The following GAIN reports were released on April 7, 2025. _______ Argentina's oilseed sector enters marketing year (MY) 2025/2026 with diverging trajectories across key crops. Soybean area is forecast to contract by nearly one million hectares as producers revert to traditional corn rotations following a soy-heavy year driven by pest concerns. Sunflower seed area holds steady on strong yields and expanding acreage in marginal zones, while peanut production is expected to decline sharply from record highs due to falling prices and diminished profitability. Despite reduced soybean area, crush volumes are set to rise on firm margins, ample carry-in stocks, and continued soybean imports from Paraguay. Domestic vegetable oil consumption remains stable, but export-oriented crush and biodiesel output continue to anchor Argentina's position as the world's top soy crusher and exporter of meal and oil. On April 4, 2025, the Ministry of Finance (MOF) State Council Tariff Commission (SCTC) announced that China will impose retaliatory tariffs on all U.S. goods. According to the SCTC 2025 Announcement No. 4, the duties would be an additional 34 percent on the current applicable tariff basis. Further, the tariffs would apply to anything not shipped out of the United States before April 10 and that had not arrived in China and imported by the end of day on May 13, 2025. This report provides an unofficial translation of the SCTC announcement; the accompanying SCTC press release; a reference table of current tariffs and retaliatory tariffs applied to U.S. agricultural, fishery, and forestry products as an attachment; and the original Chinese text of the April 4 announcement as an attachment. U.S. exporters are strongly encouraged to undertake their own review of the announcement to assess any commercial effect on their business and trade with China. While small local grocers dominate the Egyptian retail market, representing more than 50 percent of sales by value, convenience and price will continue to drive the majority of Egyptian consumer buying decisions, presenting growth opportunities across all retail channels. Government spending on infrastructure projects and the growth of Egypt's tourism sector will also help drive retail expansion. Despite recent economic challenges, Egypt's expanding urban population is increasingly seeking diverse food products and international cuisines. In 2024, the United States was Egypt's fifth-largest supplier of consumer-oriented food products. Aquaculture production in 2023 declined steeply to 105,091 metric tons (MT), a 25.43% decrease from 2022. The Peruvian aquaculture industry exported 4.5 million MT in 2023, a decrease of 12.56% from 2022 levels. Imports came in at 119,219 MT, a 18.78% decrease from the previous year. The weak market is attributed to a combination of the effects of political unrest in key aquaculture production regions as well as warmer waters due to the El Niño weather pattern. FAS Dar es Salaam expects a ten percent decline in corn exports for marketing year (MY) 2025/26 as production decreases and strict export permit procedures continue to stymie shipments. Wheat imports are projected to rise by 15.4 percent due to low corn supply, rising incomes, dietary changes, and growth in tourism. Rice markets are forecasted to remain broadly unchanged, with only minor increases in area planted in response to favorable domestic prices. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. | 
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