USDA update

 

Grain: World Markets and Trade This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains. Covers wheat, rice and coarse grains (corn, barley, sorghum, oats and rye). Current Report Past Reports (USDA Economics, Statistics and Market Information System)

The following GAIN reports were released on November 7, 2022.

_______

 

Australia: Dairy and Products Annual

Milk production in 2023 in Australia is forecast to decline by another two percent to 8.4 million metric tons (MMT), after an estimated six percent fall in 2022 to 8.55 MMT. This decline is expected despite a big increase in farm gate milk prices for 2022/23 to far exceed the previous record, and overall good seasonal production conditions for dairy farmers leading into the forecast year. The shortage of labor has precluded dairy farmers from taking advantage of these factors and will impact 2023 production. Factory use consumption of milk is forecast to decline to 5.535 MMT, from an estimated 5.685 MMT in 2022, pressured by lower milk production and also forecast growth in milk fluid exports in 2023. Australia is continuing to focus its processed milk products towards cheese production, which is set to remain fairly steady in 2023. However, the volume of butter, skim milk powder and whole milk powder production and exports are all forecast to decline moderately in 2023.

 

India: Food Service - Hotel Restaurant Institutional

India’s hospitality sector, which was severely impacted by the COVID-19 pandemic, has now recovered to pre-pandemic conditions and sales. The hotel, restaurant and institutional sector owes its rapid recovery to domestic travel and a return to in-person dining and catered events. By the end of 2022, a continued reduction in COVID-19 cases combined with improved consumer confidence for dining out, will drive demand for imported food products. Opportunities for U.S. exporters continue to remain in high-value consumer-oriented food products, including tree nuts, fresh fruits, wines, distilled spirits, condiments, and processed foods. However, high food price inflation, a sharp weakening of the rupee, and continued supply chain challenges may impact demand for imported food products in India.

 

Morocco: WTO Notification on Maximum Limits of Contaminants in Food

Morocco notified G/SPS/N/MAR/87 on October 17, 2022. The notification concerns Morocco’s maximum limits of contaminants in food and food products. Comments are due no later than December 16, 2022. Note that the Government of Morocco approved the Joint Order and published it in the Official Bulletin #7136 on October 20, 2022. An unofficial translation is included in this report.

 

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

Oilseeds: World Markets and Trade

This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds. Covers oilseeds (copra, cottonseed, palm kernel, peanut, rapeseed, soybean and sunflower seed), meal (copra, cottonseed, fish, palm kernel, peanut, rapeseed, soybean and sunflower seed) and oil (coconut, cottonseed, olive, palm, palm kernel, peanut, rapeseed, soybean and sunflower seed).

• Current Report
• Past Reports (USDA Economics, Statistics and Market Information System)

World Agricultural Production

Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments,  and analysis of economic data and satellite imagery. The report reflects official USDA estimates released in the monthly World Agricultural Supply and Demand Estimates (WASDE). 

• Current Report
• Past Reports (USDA Economics, Statistics and Market Information System)

Cotton: World Markets and Trade

This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in cotton.

• Current Report
• Past Reports (USDA Economics, Statistics and Market Information System)