The following Global Agricultural Information Network reports were released on Monday, December 10, 2018:
Egypt: Exporter Guide
Egypt’s hotel, restaurant, and retail food sectors are growing in 2018 thanks to a budding recovery in tourism and consumer spending. Sources forecast demand increasing, with growth reaching 15 to 20 percent by 2021 as tourism and consumer purchasing power recover. U.S.-origin consumer-ready products face competition from other origins benefitting from more favorable trade relationships (i.e., free trade agreements). In 2017, U.S. consumer-oriented products exports to Egypt were largely beef livers and other beef offal, milk products and food preparations.
Morocco: Citrus Annual
With the majority of the harvest now complete, Post expects Morocco’s citrus production for MY 2018/19 to reach an estimated 2.6 million metric tons, increasing 18 percent over the previous marketing year. Tangerine/mandarin production should increase by 14 percent over the previous year to 1.35 MMT, while orange production should increase by 18 percent to 1.2 MMT and lemon/lime production to reach 45,000 MT. Much of the increase in production is due to favorable weather conditions and increases in the area harvested as younger trees begin to bear fruit. Tangerine/mandarin exports should total about 585,000 MT while orange exports should reach around 190,000 MT.
South Korea: Exporter Guide
South Korea’s imports of American food and agricultural products in 2018 through October totaled $7.9 billion, up 16.8 percent from the same period of the previous year. The United States remained the leading exporter of food and agricultural products to Korea with 25.5 percent market share. Despite escalated competition from export-oriented competitors, consumer-oriented American products continued to lead the expansion of the export market in Korea, which reflected Korean consumers’ increased demand for better value, quality and diversity. The Korea-United States Free Trade Agreement, implemented in 2012, coupled with on-going evolvement of the Korean food market, should generate greater export opportunities for American products in Korea in the coming years.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov.