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Vietnam’s Ministry of Agriculture and Rural Development (MARD) issued Circular 19/2022 on December 2, 2022, revising the List of Pesticides Approved for Use and the List of Pesticides Banned from Use in Vietnam.

This is a biweekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.

On December 28, 2022, the Government of India’s Food Safety and Standards Authority of India (FSSAI) notified on its website No: 1829/Health Certificate/FSSAI/Imports-2021. The notification is in continuation to the FSSAI order from August 3, 2022, requiring all milk and milk products; pork and pork products; and fish and fish products, imported into India to be accompanied with a health certificate issued by the competent authority of the exporting country.

On December 29, 2022, the State Council Tariff Commission (SCTC) announced its annual tariff adjustment plan that sets tentative import and export tariff rates for select tariff lines in 2023. According to the 2023 tariff adjustment plan, the PRC will calculate MFN tariffs on certain frozen chicken products by applying a tariff on the import value rather than by volume (RMB/KG).

On December 29, 2022, President Ferdinand R. Marcos, Jr. signed Executive Order 10, series of 2022, extending lowered 5 percent tariffs for corn imports, 15 percent tariffs for pork imports, and 35 percent tariffs for rice imports through December 31, 2023.

On December 30, 2022, the Turkish Government published a Biosafety Decision to reapprove the import of a genetically engineered (GE) stacked corn event, NK603 X MON 810, for feed. In a separate government action, the single event MON 810 was canceled due to a recent court decision. With these latest changes, the total number of approved GE events remains at 36.

Turkiye is among the world’s leading economies and home to a young, mostly urban population of 85 million people. This dynamic has fueled the country’s rising demand for consumer-oriented agricultural products.

U.S. food and agricultural exports though the first nine months of 2022 were nearly $500 million – outpacing record highs in 2021 by 30 percent – on higher commodity prices and sustained demand for U.S. feed grains.

In 2023, the cost-of-living crisis will replace COVID as the key challenge to the UK food and drink sector. Prices have increased at the fastest rate in 40 years, as the war in Ukraine, supply chain issues, and increases in energy prices make an impact.

As the 5th largest country export market for the United States, Korea provides a promising market for U.S. agricultural products. In 2021, Korea imported about $43 billion agricultural & food products from all over the world and the U.S. supplied a quarter of it, ranking number one. Other key suppliers were China, Australia, Brazil, and Vietnam.

New Zealand is by far the largest exporter of deer meat and products in the world. The first commercial deer farm in New Zealand was established in the early 1970s and since then, the industry has grown into an on-average NZ$280 million (US$175 million) per year export earner for the country’s agricultural sector.

Post forecasts 2022/23 planted cotton area at 1.66 million hectares (ha), with production at 13.3 million bales (2.89 million metric tons, MMT), about a 13 percent increase from the 2021/22 estimated production of 11.52 million bales (2.5 MMT). Cotton area is forecast to rise because of favorable weather leading to timely first-season soybean planting and improved yields, as well as a favorable outlook for prices and profitability.