The following GAIN reports were released on March 13, 2024. _______Canada: Starter Guide for Food and Beverage SuppliersThis report aims to educate U.S. food manufacturers on the unique and subtle differences in doing business in Canada, relative to the United States. The guide addresses challenges and opportunities in the market and provides a guideline of common basic business practices in Canada. Egypt: Red Sea Disruptions Challenge Egyptian Citrus ExportsAttacks by Houthi rebels in Yemen on commercial vessels have resulted in many shipping companies rerouting away from two of the world's busiest shipping routes — the Red Sea and Suez Canal. The risks posed by these attacks (primarily in the Bab al-Mandab corridor) have disrupted global trade and the supply chain, including Egyptian citrus exports. Given the challenges of accessing certain key markets, primarily in Asia, FAS/Cairo is amending its forecast for Egyptian orange exports for marketing year 2023/2024 (October to September) – reducing the forecast by 250,000 metric tons (to 1.75 million metric tons). India: India Grain and Feed - Quarterly Update - March 2024On February 29, 2024, India's Ministry of Agriculture and Farmers Welfare (MoAFW) released its Indian crop year (ICY) 2023/2024 (July-June) Second Advance Estimate. The MoAFW is forecasting grain production (excluding the summer crop) lower at 309.3 million metric tons (MMT) compared to 313.6 MMT last year on expected lower production of rice, corn, and other coarse grains, while wheat and barley production is forecast higher at new record levels. Market year (MY) (April-March) wheat ending stocks are revised lower to 7.3 MMT. Rice ending stocks revised higher to 36.5 MMT based on the latest government grain stocks estimates. Assuming current export policy for rice and price parity for Indian corn compared to global supplies, the MY 2023/2024 rice exports forecast is lowered to 15 MMT and corn to 1 MMT. Consumption estimates are adjusted to reflect production-supply- distribution (PSD) changes. |


