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Post forecasts both rising dairy imports and production in 2023, due to a favorable exchange rate and increased domestic demand for dairy products.
Milk production in Australia in 2023 is forecast to decrease by three percent to 8.2 million metric tons (MMT). This is despite generally very good production conditions for 2023, particularly with record milk prices and easing grain and fertilizer prices.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
Israel is a net importer of all major categories of food products. The United States is the top leading supplier of imported consumer-oriented agricultural products to Israel with a total of $444 million in 2022. The Israel food retail sector was estimated at around $13 billion in 2022.
ATO Taipei, in partnership with twelve Taiwan craft beer breweries, delivered a successful craft beer festival that promoted ten U.S. ingredients through new-to-market, limited-edition craft beers.
Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
European Union: European Commission Proposes to Update Marketing Standards for Agricultural Products
On April 21, the European Commission proposed to update the marketing standards of select agriculture products such as fresh fruit and vegetables, nuts, honey, juices, eggs and poultry.
On April 21, Japan's National Tax Agency opened a public comment period for the Guidelines for Handling Alcoholic Beverages with Organisms Developed with Genome Editing Technology. The public comment period will close on May 25, 2023.
Chile has a modern and developed food and beverage processing industry. The Chilean food sector is the second most relevant export sector in the country after mining.
On April 3, Japan’s Ministry of Agriculture, Forestry and Fisheries announced tariff-rate quota (TRQ) volumes for dairy products during Japanese Fiscal Year 2023 (April to March).
The Malaysian food manufacturing and processing industry is an important component of the country’s economic growth and has seen significant development and innovation for shelf stable products as consumer demands increase.