South and Central Asia
Data and Analysis
A heavy 2024 southwest monsoon season has caused flooding and water logging in several central India states, leading to crop damage and expected lower agricultural production. India’s Meteorological Department (IMD) indicated that monsoon withdrawal was delayed by a week to September 23 and is likely to further exacerbate crop damage during harvest.
India's retail food sector is experiencing significant growth, driven by increased household purchasing power, rising awareness of gourmet products, and a growing economy.
Post raised the forecast for India’s centrifugal sugar production in marketing year (MY) 2024/2025 (October-September) to 35.5 million metric tons (MMT), due to adequate rainfall from the 2024 southwest monsoon.
News and Features
News Release
USDA Invests $466.5 Million in Food Assistance, Agricultural Development Projects Worldwide
USDA will provide $466.5 million in FY 2024 funding to strengthen global food security through the McGovern-Dole and Food for Progress programs, Secretary Vilsack announced today.
USDA will make an additional $300 million available through the Regional Agricultural Promotion Program to help grow export markets for American farm and food products around the world
Secretary Vilsack announced today that USDA is allocating $300 million to 66 U.S. organizations to build demand for American food and farm exports in high-potential markets around the globe.