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Export rice prices rose 1-2 percent due to the strengthening of the Thai baht.
World peach and nectarine1 production has seen significant growth in the past decade, rising more than 20 percent from 19.6 million tons to 24.2 million in 2022/23.
The HOTELEX show in Chengdu may provide an opportunity for U.S. coffee bean, dairy, and other beverage exports to highlight their products in Southwest Chinese provinces.
Japan’s National Tax Agency (NTA) proposed to recognize Single Malt Welsh Whisky as a geographical indication (GI) alcoholic beverage from the United Kingdom (UK).
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Hong Kong Launches Delicious USA 2023 With Milestone Celebration; Hong Kong to Play Role of Creating Opportunities and Promoting Free Trade with Countries
In recent years, wood logs and processed wood products exports have accounted for seven percent of New Zealand's commodity exports. Approximately 38 percent of New Zealand’s landmass features native and exotic forestry; of this area, production forestry currently covers 6.5 percent or 1.8 million hectares of the country.
Taiwan’s MY 2022/23 apple imports were 131,252 MT and are forecast at 130,000 MT for MY 2023/24. The United States remains the largest supplier of apples by volume but the market share of Japan, New Zealand, and Chile are all extremely close behind.
Post estimates China’s production of apples, pears, and table grapes to increase to 45 MMT, 19.6 MMT, and 13.5 MMT, respectively, in MY 2023/24.
Strong exports from Brazil pushed China to a record 100.85 million metric tons (MMT) of soybeans imports in marketing year (MY) 22/23. Imports are forecast to reach similar levels in MY 23/24 on sustained demand from the feed sector.
Rice production in Korea is forecast to be gradually down in marketing year (MY) 2023/24 on reduced acreage in response to government incentives encouraging farmers to switch to other grains, such as wheat and soybean.
New Zealand apple-planted area in the 2023/2024 market year is forecast to drop substantially from 11,000 ha to 9,200 ha.
Taiwan aims to expand use of renewable energy to 20 percent by 2025. Developing renewable energy is the most important implementation component to reach the goal and wood pellets is a green energy resource option being considered by Taiwan.