| The following GAIN reports were released on March 11-12, 2025. _______ Argentina's oilseed sector faces a mixed outlook in MY 2024/25, Post lowers soybean production to 49 MMT, impacted by drought but showing signs of recovery, while sunflower (4 MMT) and peanut (1.605 MMT) production remain strong. Crush volumes are high in MY2023/24 with soymeal exports revised up to 29.5 MMT, sunflower oil exports reaching a 16-year high, and peanut exports surpassing 1 MMT. The government's temporary export tax cuts on soybeans, soy products, sunflower, and peanuts have yet to trigger large farmer selling, as many continue holding stocks but are expected to spur increased exports in the coming months. China remains Argentina's top soybean buyer, while Paraguay supplies most of Argentina's imported soybeans for processing. Cambodia's imports of soybean meal (SBM) and dried distillers grains (DDGs) in 2024 increased 6 percent year-on-year to 173 thousand metric tons (TMT), equivalent to 9 percent of Cambodia's actual feed production. The United States and Argentina remain top suppliers of DDGs and SBM, respectively. Growth in gross domestic product (GDP), higher demand for protein intake, and efforts in reducing pressure on natural fisheries continue to support expansion in aquaculture, commercial swine and poultry farms, offering opportunities for feed ingredients, including SBM and DDGs. In February 2025, Ethiopia's National Variety Release Committee (NVRC) approved the commercial release of three TELA maize hybrid varieties. These newly introduced varieties are genetically engineered for improved insect resistance and drought tolerance, with the potential to yield up to 60 percent more than conventional maize varieties. By adopting this biotech innovation, TELA maize has become Ethiopia's first genetically engineered food crop. With this milestone, Ethiopia joins South Africa, Nigeria, and Kenya as the fourth African country to approve the commercialization of biotech maize (corn). This report is an addendum to the GAIN report number E42024-0031 EU Food and Agricultural Import Regulations and Standards (FAIRS) Report, November 01, 2024. It outlines Iceland's import requirements for agricultural and related products. Iceland is not a member of the European Union but associated with the Union through its membership in the European Economic Area. This report lists the Icelandic import regulations and standards where Iceland varies from the EU and for areas where there is no EU harmonized law. The report aims to assist U.S. exporters who wish to export to Iceland by providing information on labeling, packaging, permitted ingredients, and other relevant regulations and standards. It also provides contact information of the Icelandic government authorities and other relevant organizations. The Ministry of Agriculture, Forestry and Fisheries (MAFF) has taken extraordinary steps to alleviate high rice prices that have continued to increase since the domestic rice shortage in summer 2024. While the arrival of the new crop hit supermarkets last September, easing the shortage, prices have continued to spike and are almost 80 percent higher in January 2025 than one year ago. In response, demand for imported rice has been bullish, both inside the state-traded quota system and with private sales, which typically face prohibitive tariffs. However, MAFF stated there is sufficient quantity of rice in Japan and that the problem stems from how the rice is being distributed. In a move typically done to assist with natural disaster relief, this will be the first time since the launch of the reserved rice system in 1995 that the government is releasing rice reserves to improve problems with distribution. Wheat production in MY 2025/2026 (July-June) is forecast at 217,000 metric tons (MT), reflecting a slight increase compared to the previous year's estimate. Wheat imports in MY 2025/2026 are forecast at 2.2 MMT. In MY 2024, wheat imports totaled 2.1 MMT, increasing 10 percent compared to the previous year. Corn production in MY 2025/2026 (October-September) is forecast at 1.74 MMT, remaining the same as the previous year. Peru's corn imports in MY 2025/2026 are forecast at 4.32 MMT, remaining at the same level of the previous year estimate. Argentina dominated the Peruvian corn market in MY 2024, accounting for one hundred percent of imports. Rice production in MY 2025/2026 (April-March) is forecast at 2.6 MMT. Turkiye's food processing ingredients industry is a vital component of its sophisticated food and beverage manufacturing sector, which includes nearly 58,357 businesses. Opportunities exist for U.S. exporters, particularly in natural and organic ingredients, although they face competition from EU suppliers benefiting from preferential trade agreements. Successful market entry requires a long-term perspective, local partnerships, and navigating complex import procedures. Continued high inflation has resulted in significant changes in consumer purchasing behavior in Turkiye, with a noticeable shift from branded products to economy-priced or private label options. On March 1, 2025, the Ministry of Agriculture and Forestry (MinAF) published two Biosafety Decisions on the production of two more enzymes using Aspergillus oryzae improved by modern biotechnological methods. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. | 
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