FAS/Sofia expects a lower Bulgarian rapeseed crop in marketing year (MY) 2024/25, falling by four percent from last year to about 200,000 metric tons (MT), due to a combination of reduced harvested area and unfavorable weather. Conversely, the sunflower crop is projected to grow to 2.1 million MT (MMT) from 1.8 MMT in MY 2023/24, due to optimal spring climate and planting conditions. In MY 2023/24, Bulgaria became a net importer of rapeseed with growing trade driven by expanding domestic crush capacities. Despite a small drought-hit sunflower crop in MY 2023/24 and limited imports, Bulgaria actually increased its sunflower crush by reducing its sunflower seed exports. This allowed Bulgaria to keep its position as the top EU exporter of sunflower oil (mainly to South Africa and Egypt), and second EU leading exporter of sunflower meal, mainly to China.
In Marketing Year (MY) 2022/23, China imported 67,000 metric tons (MT) of planting seeds valued at $478 million. The United States is the largest supplier of planting seeds to China, accounting for 22 percent of MY 2022/23 planting seeds imports by value. This report provides information on the supply, trade, and utilization for a range of planting seeds, including row crops, vegetables, and grass. In addition, this report summarizes updated policy and regulatory information.
Peru's mandarin/tangerine production and exports are expected to recover and increase by two and three percent, respectively, in MY 2023/2024 (March 2024 to February 2025). Production is forecast to reach 560,000 metric tons (MT), while exports are forecast to recover to 210,000 MT. Higher productivity driven by recent cooler weather and potentially favorable dryer weather conditions are expected to positively impact production and exports. Domestic consumption of fresh mandarins/tangerines is forecast at 322,000 in MY 2023/2024, a three percent increase from the previous year. The United States will likely remain Peru's top export partner, accounting for 50 percent of exports.
Record orange juice prices are expected to escalate orange juice production as growers increase deliveries for processing. Growers are diverting oranges from the export market and local sales towards processing on favorable prices. Good rainfall in the Spring of 2023 ensured sufficient rain for irrigation across all citrus producing regions. Production of all citrus types is expected to improve in both volumes and quality in MY 2023/24. However, the Northern production regions experienced some dry conditions during the growth period which led to smaller sized fruit, reducing the percentage of fruit that meets export specifications. Orange, grapefruit, and lemon exports for MY 2023/24 are revised downwards on smaller fruit size and diversion to local processing.
No comments:
Post a Comment