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In MY 2023, Taiwan’s liquid milk production is estimated to reach 474,000 tons and is forecast to see a slight increase in MY 2024. However, the long-term liquid milk outlook is complex and subject to unstable dynamics due to New Zealand dairy products soon to have unlimited tariff-free access to the Taiwan market in 2025.
Export rice prices increased 1-2 percent due mainly to the strengthening of the Thai baht.
Australia’s table grape production is expected to increase to a record 220,000 MT in marketing year (MY) 2023/24 from an estimated 210,000 metric tons (MT) in MY 2022/23.
In 2023, China’s biofuels policies continue to wane as a priority for the People’s Republic of China (PRC). Post forecasts China to produce and consume 3.9 billion liters of fuel ethanol in 2023, only slightly higher than 2022 consumption despite the end of “Zero Covid.”
On May 8, 2023, the Forestry Agency revised the Clean Wood Act. On October 11, 2023, the Forestry Agency proposed what types of information can be considered as equivalent to legal harvest certification.
On September 22, the People’s Republic of China (PRC) State Administration for Market Regulation (SAMR) released National Mandatory Standard for Requirements of Restricting Excessive Packaging for Fresh Edible Agricultural Products (GB43284-2023).
On September 25, 2023, the People’s Republic of China (PRC), National Health Commission (NHC) announced a list of 85 updated National Food Safety Standards and 3 amendments. The updated standards will enter into force on March 6, 2024.
The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.
The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.
The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.
Thailand’s export rice prices fell another 1-2 percent due mainly to the weakening of the Thai baht.
In the first half of 2023, the Vietnam livestock and aquaculture industry faced numerous challenges which reduced feed demand including escalating input costs, African Swine Fever (ASF), market price volatility, weak demand, and intense competition from imported products.