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Record orange juice prices are expected to escalate orange juice production as growers increase deliveries for processing. Growers are diverting oranges from the export market and local sales towards processing on favorable prices.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: New York Wines Uncork Potential in Hong Kong; Over One Million Hong Kong Cross-border Trips Over Festival Weekend; InvestHK's Seminar Tells Foreign Investors About F&B Opportunities In GBA Via Hong Kong; Hong Kong To Consider More High-speed Sleeper Trains to Beijing, Shanghai...
Rice export prices further dropped one percent due to the weakening of the Thai baht.
The exporter guide provides an economic and market overview, as well as demographic trends and practical tips to U.S. exporters on how to conduct business in the Netherlands.
On May 14, 2024, China notified the Phytosanitary Requirements for Imported Organic Growing Media to the World Trade Organization (WTO) under G/SPS/N/CHN/1300. China’s SPS Enquiry Point at sps@customs.gov.cn will accept comments until July 13, 2024.
Fueled by Filipinos' fondness for food indulgences, rising disposable incomes, and increasing urbanization, the $1.2 billion confectionery and ice cream market is expected to see robust growth of eight percent annually through 2028.
Mexico was the second largest export market for U.S. agricultural products in 2023, with total U.S. exports valued at $28.6 billion. Mexico’s gross domestic product (GDP) grew by 3.2 percent in 2023, making its economy the 12th largest globally.
Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) proposed 29 new geographical indications (GI) for UK food products, including lamb, beef, ham, sausage, cheese, seafood, vegetables, and fruit.
The total value of U.S. agricultural exports to Honduras in 2023 reached $1.3 billion, with a 39 percent (%) market share, and a 4 % decrease from the previous year.
For marketing year (MY) 2023/24, Post updates fresh lemon production down to 1,700 metric tons (MT). This revision is attributed to the unexpected weather conditions with temperatures higher than usual and rains during harvest that affected original production estimates.
In marketing year (MY) 2023/24, with an increasing trend in area planted and assuming regular yields, Post estimates lemon production to grow by 6.7 percent and reach 175,000 (MT) metric tons. Chilean lemon exports will increase 8.8 percent, totaling 74,000 metric tons.
Following a year of exceptional drought conditions in marketing year (MY) 2023/2024, the outlook for Mexican grain production in MY 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on producer expectations for a gradual recovery to average precipitation levels.