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The USDA anticipates a significant increase in global sugar trade, projecting exports to reach 66.69 million tons in the 2024/25 marketing year, second only to the record set in 2021/22. While Brazil's exports are expected to decline, Thailand's are forecasted to double, and India's exports will continue to decrease. Global sugar production is predicted to rise to 186.6 million tons, but consumption will only increase modestly, leading to a reduction in global sugar stocks.
Trump has appointed loyalist Brooke Rollins as the new Secretary of Agriculture, signaling continuity in USDA leadership. Rollins is expected to advocate for American farmers while navigating concerns over Trump's proposed tariffs on agricultural trading partners, which have previously harmed U.S. farmers. Conservative agriculture groups view her as a promising yet unpredictable choice amid calls for policy changes.
Thanksgiving meals in 2024 are expected to be cheaper, with the average cost for a classic feast for 10 dropping to $58.08, a 5% decrease from 2023. This decline is largely driven by lower turkey prices, despite ongoing inflation in processed food items. Overall, food inflation has eased, providing relief to consumers.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
global sugar trade expected to rise with shifts in major exporters
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11:49 26.11.2024
Trump appoints Rollins as USDA chief to support American farmers
22:13 23.11.2024
thanksgiving meal costs decline in 2024 as turkey prices drop
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19:56 20.11.2024
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