| The following GAIN reports were released on June 23, 2025. _______ Brazil and the People's Republic of China (PRC) are in the initial stages of potentially developing a dedicated soybean supply chain tailored to meet Chinese sustainability and quality standards. Inspired by the successful Boi China beef model, this production line could boost Brazilian soybean market dominance while directly challenging U.S. exports. Despite recent economic headwinds, Egypt's food ingredient market is experiencing modest growth driven by increasing demand for processed and packaged foods. The Egyptian government is actively trying to attract investment in the food manufacturing sector, promoting Egypt's geographical advantage and proximity to Europe, Africa, and Gulf countries. Egyptian consumers are increasingly in search of foods that are both healthy and affordable. Best prospects for U.S. product exports to Egypt's food processing sector include dairy products, especially milk powder, tree nuts, bakery ingredients, spices, and food preparations, among others. FAS Accra, Abidjan (Post) and the U.S. Meat Export Federation (USMEF) welcomed 51 African buying companies from 12 African countries and 13 USMEF members to Accra, Ghana. Post estimates the USMEF Africa Regional Agricultural Trade Mission (ATM) - Accra 2025, to result in $6-$8 million in new sales of U.S. meat and meat products (including variety meats) over the next 6-12 months. This USMEF Africa Regional ATM, represents a win for the U.S. meat export industry. In 2024, U.S. exports of agricultural and related products to Honduras totaled $1.3 billion, representing a 38.2 percent share of the market and a 1.3 percent increase over the previous year. Consumer-oriented exports rose by $58.8 million and bulk products by $17.3 million, while intermediate product exports declined by $59.9 million. Key drivers of export value included in-husk rice, pork, and orange juice. The United States maintained a strong agricultural trade surplus with Honduras, totaling $207 million. In 2024, Honduras's GDP totaled $36.7 billion, making it the third-largest economy in Central America and the 101st-largest in the world. Hong Kong does not have any certification changes for food imports since the last report submitted in July 2024. This report lists the certificates required by the Hong Kong government (HKG) for U.S. agricultural and food exports to Hong Kong. Certificate samples are included in the appendix. Stronger local white corn prices and rising demand for rice and sorghum are expected to drive increased production in marketing year 2025/2026. In contrast, wheat production is projected to decline due to prolonged drought and weaker price expectations. Increased corn production and greater use of yellow corn stocks are expected to reduce corn imports. Imports of wheat, rice, and sorghum are forecast to rise as domestic production remains insufficient to meet growing consumption. Morocco's wheat and barley for MY2025/26 was significantly supported by late rainfall during March-April, alleviating the adverse effects of earlier drought conditions. The Ministry of Agriculture forecasts total wheat and barley production at 4.4 MMT, an increase of 40 percent compared to previous year's 3.1 MMT. Despite this improvement, production levels remain below the country's historical average. The government of Morocco continues to support wheat imports with no import duties announced for this harvest season. On June 10, 2025, the Philippine Statistics Authority (PSA) announced the revised definitions and conversion rates for carcass and offal of selected livestock and poultry animals. These revisions will be applied to compute the country's meat supply as part of the PSA's Supply Utilization Accounts. Most of the conversion rates were revised upward. The PSA stated that other government agencies, academic institutions, and the private sector may use these updated rates in their work. With a 1,566-kilometer coastline and a seafood-loving population, Taiwan maintains one of the world's highest per capita seafood consumption rates—50 percent above the global average. Despite being a traditional seafood exporter, Taiwan is reliant on imports to meet its rising demand, especially for premium species and shrimp. In 2024, the United States ranked as Taiwan's 17th largest seafood supplier, exporting nearly US$30 million in products. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. | 
