Browse Data and Analysis

Japan’s Ministry of Health, Labour and Welfare (MHLW) proposed revisions to Japan’s maximum residue levels for 7 agricultural chemicals (Buprofezin, Cyflufenamid, Dicloromezotiaz, Dimesulfazet, 1,4-Dimethylnaphthalene, Pydiflumetofen, and Cyfluthrin) for various agricultural commodities.

The economy of People’s Republic of China (PRC) is facing headwinds for the remainder of 2023 that should continue into 2024 even though officials are exploring various stimulus efforts.

FAS/Tokyo forecasts a drop in 2024 cattle inventory on greater slaughtering of dairy cows, slower calf production, and no live cattle imports in 2023 and 2024.

Export prices decreased 1-2 percent due to the Thai baht hitting the lowest point in a month.

Japan’s MY 2022/23 cherry production recovered. FAS/Japan forecasts cherry production will further increase in MY 2023/24 due to favorable weather conditions.

In MY2022/2023, Taiwan’s total cherry consumption, which is based entirely on imports, dropped to just over 12,000 MT due to extremely tight supply of U.S. cherries.

China’s consumption of wood products has fallen significantly due to slowing economic growth, a weakened housing sector, changing consumer preferences, and reduced demand from overseas markets.

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Alaska Seafood and ATO Reconnect with Hong Kong Traders

The United Kingdom (UK) and member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed the agreement to join the CPTPP in July 2023.

Export prices further increased 3-6 percent due to the panic buying reaction from the India’s rice export ban.

Japan has been dramatically increasing its wood pellet imports for its feed-in tariff (FIT) program, as more large-scale FIT-approved biomass power plants become operational.

In April 2023, the Ministry of Agriculture, Forestry, and Fisheries (MAFF) implemented a special measure under the Compound Feed Price Stabilization System to augment feed compensation payments to livestock, poultry, and swine producers.