The following GAIN reports were released on June 14, 2022.
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India: Biofuels Annual
India’s average ethanol blending rate with petroleum for calendar year 2022 is estimated at 9.3 percent. India’s position as a structural surplus sugar producer and gradual utilization of alternative feedstocks will drive supply, while a 35 percent increase in offtakes by parastatal oil marketing companies for ethanol blending will drive demand. Continued industrial grade ethanol demand will result in approximately 635 million liters of imports, nearly all from the United States. By contrast, India’s biodiesel market remains devastatingly limited owing to high feedstock prices and plant closures. India’s National Biofuels Policy, amended in May 2022, reinforces initiatives to boost domestic production of ethanol and accelerate efforts toward attaining blending targets.
Malaysia: Cotton and Products Annual
Post forecasts consumption of cotton in the Malaysian textile industry at 290,000 bales in marketing year (MY) 2022/23, a 3.3 percent drop from the previous year post’s estimate. The expected reduction is based on textile companies shifting their operation to other South-East Asian countries as the cost of labor increased in Malaysia with the revision of new minimum wages on April 1, 2022. Imports in MY 2022/23 are forecast at roughly 650,000 bales, slightly higher than the 600,000 bales imported in the previous year as price of cotton is expected to stabilize and traders re-stocking in Malaysia for trans-shipment markets.
Philippines: Livestock and Poultry Update
FAS Manila maintains 2022 pork production while increasing imports 25,000 MT to 400,000 MT, reflecting improved market access conditions. No changes are made to the chicken PSD.
Thailand: Biofuels Annual
Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.
Opportunities for U.S. Agriculture in Bangladesh
Economic conditions in Bangladesh have created significant opportunities for U.S. agricultural exports, particularly consumer-oriented commodities including tree nuts, condiments and sauces, fruit juice and non-alcoholic beverages, snacks, and baking ingredients. Bangladesh has maintained one of the fastest growing economies in the world for the past decade. The increasing population and rising percentage of middle- and high-income households create a growing potential market for U.S. agricultural products.
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