Browse Data and Analysis

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Baking Seminar Charms Student Chefs With U.S. Ingredients; Hong Kong Economy On Track For Fifth Straight Quarter Of Moderate Growth...

Post increased its estimate of raw milk production in 2024 due to a larger dairy cow inventory. Imports of fluid milk, whole milk powder (WMP), and skimmed milk powder (SMP) are estimated to all decline in 2024 due to higher domestic milk production.

The Consumer Affairs Agency (CAA) of Japan proposed revisions to Japan’s maximum residue levels for seven agricultural chemicals (Benthiavalicarb-isopropyl, Hexaconazole, Isopyrazam, Metaflumizone, Broflanilide, Teflubenzuron, and Phenoxyethanol) for various agricultural commodities.

New Zealand fluid milk production is forecasted to be 21.2 million metric tons (MMT) in the 2024 market year (MY). This is a decrease on the previous 5-year average of ~21.6 MMT, reflecting the decreasing herd numbers and the short-term effects of the following: El Niño weather pattern, softening revenue, high cost of debt servicing, and challenging feed and fertilizer prices.

Rice export prices further increased 2-3 percent mainly due the strengthening of the Thai baht.

Indonesia’s 2024/25 coffee production is expected to recover to 10.9 million (60-kilogram) bags on favorable weather despite a delayed harvest in Southern Sumatera.

New Zealand’s apple planted area in the 2023/2024 market year (MY) is forecast to be 9,200 hectares (ha), a substantial drop from 11,000 ha at the start of the 2022/2023 MY. This is due to the impacts of Cyclone Gabrielle, which brought large-scale floodwaters, silt, debris, wind, and surface flooding to the primary apple growing regions of Hawkes Bay and Gisborne.

In 2019, the EU-Japan Economic Partnership Agreement (EPA) entered into force. As a result, Japan approved 16 new wine additives that were previously not allowed in wine produced or consumed in Japan.

FAS has received inquiries about several websites that offer facility registration to export various food and agricultural products to the People’s Republic of China (PRC). Many of these websites, however, are not official PRC government websites. Exporters should register their facilities through official government websites or through a U.S. government agency.

Since 2018, Japan has implemented three large-scale free trade agreements (FTA) with major economies: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Japan-European Union (EU) Economic Partnership Agreement, and the U.S.-Japan Trade Agreement (USJTA).

Food Standards Australia New Zealand (FSANZ) has approved a Queensland University of Technology (QUT) application to permit food derived from a banana line genetically engineered (GE) for resistance to Panama disease.

Vietnam offers abundant opportunities for exporting consumer-oriented products, despite the challenges of recovering from the COVID-19 pandemic and dealing with high inflation. The Vietnamese economy is poised for significant expansion in the coming decades. With a burgeoning population and a growing middle class, Vietnamese consumers are becoming more discerning about the origin and composition of their food.