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On May 24, 2022, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade issued Public Notice No. 10/2015-20 (May 24, 2022) (see, Appendix I). The public notice specifies that India is allocating a tariff-rate quota (TRQ) of 2 million metric tons (MMT) for crude soybean oil and a similar TRQ of 2 MMT for crude sunflower oil in India fiscal year (IFY) 2022/23 and in IFY 2023/24. The Indian government’s measure is meant to address the high domestic prices of edible oils, and to check rising food inflation.

The Netherlands is increasingly becoming one of Europe’s leading importers and exporters of seafood products. The United States was the Netherlands’ 15th largest foreign supplier of seafood in 2021. U.S. exports were dominated by frozen Alaskan Pollock (AP) which represented two-thirds of U.S. seafood trade to the Netherlands.

Several Chinese provinces are experimenting with the utilization of nine Chinese medicines, including American ginseng (Panax quinquefolius), for use in food products. The pilot programs are open through November 2022. At this time, American ginseng is regulated as a traditional medicinal product. If American ginseng is approved for use in food products, this could create additional opportunity for both imported product and spur domestic production.

Heat stress resulting from an unprecedented spike in temperatures beginning in the mid-March 2022 has had a marked impact India’s wheat crop. Yields are 10-15 percent down, driving India’s forecasted market year (MY) 2022/23 (April-March) wheat production down from 110 million metric tons (MMT) to 99 MMT.

On May 16, 2022, the Government of Mexico (GOM) published a presidential decree temporarily exempting the payment of import duties on 66 tariff lines covering staple food items and basic commodities for food processing. The tariff suspension is part of the GOM’s recently announced Program to Combat Food Price Inflation and Scarcity (PACIC).

This report provides an update on Turkey’s export ban on select agricultural products to stabilize local market conditions and keep food prices from running higher.

Having pegged its nationally acceptable limit of aflatoxin in peanut at 10 parts per billion (ppb) as far back as 2018, Ghana could well be leading, and not just supporting the regional block’s preference of setting the MRL for aflatoxin in peanut at 10 ppb.

On May 5, 2022, trade and finance ministers from East African Community (EAC) member countries agreed to raise minimum common external tariffs from 25 to 35 percent on several agricultural products.

On May 10, the National Development and Reform Commission (NDRC) issued the “14th Five-Year Plan for Bioeconomic Development,” with the intention to accelerate breakthroughs and achieve scientific and technological self-reliance in four key areas of bioeconomic development, including bio-agriculture and bioenergy.

In May 2022 the New Zealand (NZ) Government released their First Emission Reduction Plan (ERP). The ERP outlines the proposed focus points and actions as required by the climate change response (Zero Carbon) Amendment Act of 2019.

To stem the burgeoning current account deficit and declining foreign exchange reserves, on May 19, 2022, Pakistan banned imports of many categories of agricultural products.

Post forecasts consumption of cotton in the Malaysian textile industry at 290,000 bales in marketing year (MY) 2022/23, a 3.3 percent drop from the previous year post’s estimate.