The following GAIN reports were released on May 2, 2024. _______Ghana: Food Processing Ingredients AnnualGhana’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand. Ghana’s imports of food processing ingredients totaled $132.9 million in 2023, an increase of about 48 percent from $89.2 million in 2022. There are significant opportunities for imported food ingredients in Ghana. Senegal: Pulse Market OverviewSenegalese cowpea production is estimated at 152,000 MT in the 2022/23 December- November marketing year (MY), a 36 percent decline from the previous year. Pulse imports are estimated at 42,800 MT for MY 2023, growing from 37,000 MT in MY 2021 and and 27,000 in 2022. Exporters seeking to enter the Senegalese market should be aware that significant volumes of pulses transit Morocco, Tunisia, and the UAE.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. |
The following GAIN reports were released on May 1, 2024.
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Argentina: Oilseeds and Products Annual
Post forecasts Argentina soybean production at 51 million metric tons (MMT) in marketing year (MY) 2024/2025 as production returns to assuming good weather in the year ahead and increased soy planting at the expense of wheat and corn, particularly in late or second crop soy. Crush and exports are also expected to recover to 40 MMT and 7.3 MMT respectively, both up from the previous year. Soymeal exports are forecast at 27 MMT in both MY2024/25 and MY2023/24 as Argentina retakes it’s place as the largest soymeal exporter in the world. Soy oil exports are forecast to grow as well to 5.3 MMT. Sunflowerseed production is forecast down up slightly in MY2024/25 to 3.7 MMT as producers expect another dry La Niña weather pattern ahead, but still down significantly from the record year of MY2022/23 when sunflower was the only bright spot in a bleak crop landscape. Post forecasts a rebound in peanuts and products to a more normal year. Post maintains its previous estimate for soybean production in MY2023/24.
