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In Marketing Year (MY) 2019 (January – December), Korea’s chicken production is projected to increase about 2.4 percent to 932,000 metric tons (MT) from 910,000 MT in MY 2018....
Myanmar production of beans and pulses in MY 2018/19 is forecasted to decrease 14 percent due to a reduction of the growing area, which we anticipate will shift to other crops.
The Ministry of Commerce (MOC) in Burma (Myanmar) announced Notification 25/2018, which allows foreign owned companies to enter the wholesale and retail sector if they meet minimum investment....
China’s cotton planted area and production are both forecast to decrease in MY18/19 as a moderate acreage expansion in Xinjiang is more than offset by a sharp fall in planting area in other regions.
Australian cattle numbers are expected to decline slightly to 26 million head in 2019 due to widespread drought in the two major cattle producing states.
On August 14, 2018, the Philippine House of Representatives approved House Bill (HB) 7735, or the proposed “Revised Agricultural Tariffication Act”.
The Ministry of Agriculture (MOA) recently further revised a regulation that had required local dairy processors and dairy product importers to form partnerships with local dairy producers.
U.S. exhibitors reported strong results at Vinexpo Hong Kong 2018 with projected sales in the next 12 months of over US$230,000.
Hong Kong is a dynamic market and an effective re-export platform of fresh fruits encompassing US$2.6 billion of gross imports and US$1.6 billion of re-exports in 2017.
FAS/Wellington forecasts 2018 beef production to be significantly higher at 670,000 metric tons (MT), which is expected to increase exports to 603,000 MT.
Rice export prices remain unchanged as traders are waiting for the sale of the government retenders for the remaining rice stocks on August 29-30.
MY2018/19 rice and corn production should increase due to expanded acreage and favorable weather conditions.