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Thailand’s domestic and export prices grew 1-3 percent as demand for Thai rice surges in response to rice export bans by India and Burma.

On August 21, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) published the Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations 2023 in the Gazette of India (Notification No. STD/SP-21/T(Alcohol-4).

India’s soybean oilseed and rapeseed production estimates for marketing year (MY) 2022/23 (October-September) increased to 12.4 and 11.8 million metric tons (MMT) respectively due to favorable weather conditions.

Post forecasts a rebound in Korean poultry production for 2024, surmounting 2023 supply challenges to meet rising consumer demand for chicken meat.

Soybean imports are raised to a record 101 million metric tons (MMT) in marketing year (MY) 22/23 on surging imports, which reached 84.3 MMT through July.

FAS Bangkok estimates Thailand’s chicken meat production to marginally increase in 2023 amid a surge in exports, a slow recovery in the tourism sector and high feed costs.

Türkiye’s cattle inventories are forecast to contract in 2024 for the fourth straight year as farmers continue marketing their underweight animals ahead of schedule to minimize losses from rising input costs, especially feed.

FAS Mumbai forecasts marketing year (MY) 2023/24 India cotton production at 26 million 480 lb. bales on 12.7 million hectares area planted, unchanged from the previous report.

FAS New Delhi (Post) in market year 2024 (January-December) forecasts India’s national cattle herd growing to 307.6 million head, up by some 135 thousand head from the U.S. Department of Agriculture (USDA) official 2023 estimate of 307.5 million head.

On July 22, 2023, the People’s Republic of China (PRC) State Administration for Market Regulation (SAMR) released revised Measures for Supervision and Administration of Quality and Safety of Edible Agricultural Products in Markets.

Hong Kong reopened its borders to the world in late 2022, and with mainland China in early 2023. The slow return of inbound tourism has positively improved the situation of the local hospitality and food service sectors.

Spain’s swine sector expects a continued downward trend in swine and pork production in 2023 and 2024 to slightly less than 5 million tons of pork and below 55 million heads slaughtered.