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Singapore’s food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers. Industry analysts report total retail food sales surpassed $7 billion USD in 2021.

This report gives an overview of Thailand’s food retail sector and current market updates. The food and beverage industry is one of the biggest retail segments in Thailand. Food and beverage sales grew more in 2021 than the previous year due to increased in-home consumption and cooking at home.

This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.

Despite COVID-19's widespread impacts on Vietnam for most of 2021, total retail sales were estimated at approximately $172 billion, marginally up 0.2 percent over 2020, according to Vietnam’s General Statistical Office (GSO). The fourth and largest wave of COVID-19 started on April 29, 2021, and rapidly spread across Vietnam, severely affecting all industries, including the retail food sector.

Hong Kong does not have any certification changes for food imports since the last report submitted in June 2021. This report lists the certificates required by the Hong Kong Government (HKG) for U.S. agricultural and food exports to Hong Kong.

In 2021, the total value of all food and beverage retail sales in Indonesia totaled $72 billion, a 12 percent decrease from the previous year due to COVID-19 pandemic social distancing measures. Traditional markets still dominate the retail food and beverage sector, accounting for 76 percent of market share, although they continue to lose market share to modern retail stores and e-commerce.

Rice export prices decreased 4 percent despite the strengthening of the Thai baht.

Post revises estimates of the Vietnam’s marketing year 2021/2022 (MY 2021/22) spring crop harvest area and production down to 3,000 thousand hectares (THA) and 20.10 million metric tons (MMT) due to abnormally cold weather, unseasonal rains and uneven rain distribution, and high costs of inputs.

On June 25, 2022, the Philippine Department of Agriculture (DA) Bureau of Animal Industry (BAI) informed domestic stakeholders at a consultative meeting that it will be enforcing BAI Memorandum Circular No. 26 (MC26), dated August 11, 2021.

The United States is the leading supplier of imported consumer-oriented agricultural products to the Korean retail industry, shipping a record $6.2 billion in 2021. The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products, including beef, pork, processed meat, vegetables, fruits, nuts, dairy products, juices and soft drinks, alcoholic beverages, condiments and sauces, processed organic foods, coffee, bakery products, snacks and confectioneries.

On June 16, 2022, the People’s Republic of China (PRC), Ministry of Agriculture and Rural Affairs (MARA) released two draft National Food Safety Standards for maximum residue limits covering a total of 98 pesticides in foods for public comment.

Indonesia, the largest economy in Southeast Asia, was the 11th largest market for U.S. agricultural exports in 2021 valued at $24.5 billion. Indonesia is party to 14 Free Trade Agreements (FTA), creating tough competition for U.S. agricultural exports. Indonesia’s major FTA partners (i.e., Australia, New Zealand, China, etc.) also benefit from proximity.