GAIN Reports from March 23, 2023

The following GAIN reports were released on March 23, 2023. _______   Bangladesh: Oilseeds and Products Annual For marketing year (MY) 2023/24, Post's soybean import forecast is 2.4 million MT, on Bangladesh rebounding from its current economic slowdown, while local soybean production remains flat. In MY 2022/23, all types of oilseed and crude oil imports declined due to Bangladesh's economic slowdown. The shortage of foreign exchange reserves and the appreciation of the U.S. dollar also hindered imports.   Brazil: Food Processing Ingredients The Brazilian Food Processors' Association (ABIA) reported that the food processing sector in Brazil had revenue of US$209 billion in 2022, showing a growth of 16.6 percent compared to the previous year. Brazil heavily relies on foreign suppliers to fulfill its food ingredient demands, which offers U.S. companies opportunities to provide high-value ingredients. Brazilian food manufacturers and ingredient importers seek innovative products from new suppliers. In 2023, FAS/Sao Paulo plans to participate with a USDA institutional booth at Nutri Summit Ingredient (NIS) and Food Ingredients South America (FiSA) shows in Sao Paulo. To learn more, contact us at atosaopaulo@usda.gov.   Hong Kong: The Hong Kong Wonton - Volume 3 Issue 6 Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Aspiring Chefs Explore "The Science of Souffle" With U.S. Ingredients and Local Flavors; Business Sentiment Among Hong Kong SMEs Improved in February; Hong Kong Welcomes 1.46 million Tourists in February; International Airlines Re-build Networks in Hong Kong; Large Scale Events Returning to Hong Kong; COVID-19 Shrank Macau's GDP by 26.3 Percent in 2022; Resumption of Air Services from Macau Pick up Pace; Macau's Economic Prosperity Index Continues to Rise; Hong Kong Retail Sales Up Seven Percent in January; Growing Demand for Local Vegetables in Hong Kong.   Thailand: Cotton and Products Update Post forecasts MY2022/23 cotton imports to increase 4 percent but remain well below the 5-year average annual import demand from MY2017/18 – MY2021/22 in anticipation of slow economic recovery in 2023. MY2021/22 cotton imports expanded 25 percent from MY2020/21 amid shrinking U.S. cotton market share due to strong competition from Australian cotton.     For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by USDA Foreign Agricultural Service. This email was sent to using GovDelivery Communications Cloud on behalf of: USDA Foreign Agricultural Service · 1400 Independence Avenue, SW · Washington, DC 20250