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On January 3, India’s Department of Animal Husbandry and Dairying (DAHD) published on its website, Office Memorandum L-11/1/2019-Trade (E-11542), to delay the implementation timeline of the new integrated Veterinary Health Certificate requirements for milk and milk products by six months.
On December 29, 2023, the Ministry of Trade and Integration announced the first stage of 2024 meat and poultry quotas by HS code for historic suppliers (i.e., importers). The first stage approved the distribution of 2,835 tons of beef and 31,500 tons of poultry.
India is the world’s most populous country and boasts one of the fastest growing economies in the world. As Indian households continue to reach higher levels of consumer spending, imported agricultural products are becoming more accessible to a larger number of people.
In 2022, U.S. exports of consumer-oriented products to Bangladesh were valued at $9.5 million, accounting for less than 1 percent of the market share of the $2 billion in consumer-oriented products Bangladesh imported.
The report outlines regulatory requirements and import procedures for food and agricultural imports into Pakistan.
This report outlines Pakistan’s requirements for import permits and export certificates for various food products for human and animal consumption. It also provides a list of the Pakistani government agencies involved in the entry of imported food products.
FAS New Delhi projects India’s organic agriculture sector to be valued at $2.5 billion for the 2023/24 Marketing Year (MY). According to various sources, the domestic consumption of organic foods is trending upwards as the Indian consumer focus on health and wellness continues.
On December 7, 2023, India's Ministry of Finance issued Custom Notification No. 64/2023, exempting imports of yellow peas (harmonized tariff system [HS] code 0713.1010) from customs duties and the Agriculture Infrastructure and Development CESS (AIDC) effective December 8, 2023, through March 31, 2024.
Post slightly lowers the MY 2023/24 rice production forecast due to some minor aman season crop damage caused by a cyclone. Despite the reduced production, Post lowers the rice import forecast to 500 thousand MT, as the Government of Bangladesh maintains its high rice import tariff of 62.5 percent.
The Indian market remains a bright spot, as its economic growth continues in 2023. India is one of the fastest-growing major economies in the world despite the volatile geopolitical and economic conditions, India is on an upward trajectory.
No significant changes are made to 2023/24 rice and wheat supply and demand forecasts. Private sector wheat import commitments of about 1.4 million tons underpin the 2 million ton 2023/24 wheat import forecast.
Pakistan is the 24th largest export market for U.S. food and agricultural-related products, with U.S. exports surpassing $1.37 billion in 2022. The top U.S. exports to Pakistan were cotton, soybeans, pulses, tree nuts, dairy products, planting seeds, dairy cattle, and forestry products.