Australia: Retail Foods

  |   Attaché Report (GAIN)   |   AS2023-0012

Although Australia is experiencing rising inflation, supermarket and grocery store incomes are benefitting by largely passing the price increases on to customers. Profit margins in supermarkets and grocery stores rose by 4.2 percent in 2022. The value of Australian consumer oriented (i.e., snack foods, breakfast cereals, meat and poultry, dairy, eggs and products, fresh fruit and vegetables, processed fruit and vegetables, fruit and vegetable juices, nuts, wine, beer, nursery products, pet food, etc.), fish, and seafood imports totaled US$14.5 billion in 2022. The United States accounted for US$1.4 billion or 10 percent of Australia’s total food related imports. Most of Australia’s imports in these sectors are sourced from New Zealand, and the United States is the second largest supplier.

Related Reports

In 2023, Bulgarian imports from the United States surpassed the $100 million mark for the first time. The growth was due to a substantial increase in Bulgarian imports of U.S. beef, tree and ground nuts, food preparation, whiskies, animal feed, and wood.
Following three consecutive seasons of tight supply, favorable fall and winter conditions have been followed by abundant spring precipitation across Spain, with the notable exception of the eastern part of the country.
Attaché Report (GAIN)

Ukraine: Sugar Annual

MY2024/25 sugar production is forecast at 1.8 MMT, similar to FAS/Kyiv's previous MY estimate. Sugar beet production area will remain steady across MY2023/24 and MY2024/25, which could be an indicator that the sugar industry is adjusting to a “new normal.”