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The Australian cattle industry is expected to continue its strong herd rebuild in 2023 and Australian beef supply is expected to recover after falling to the lowest level in twenty-five years in 2021 and in 2022.
The General Administration of Customs of the People's Republic of China (GACC) updated the list of products subject to Decree 248. In addition to minor changes made earlier, GACC removed 239 products between February 10 – 27.
The People’s Republic of China (PRC) decision to end its zero-COVID policy restrictions is expected to improve demand for both pork and beef products in 2023.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Hong Kong Drops Mask Mandate; Hong Kong Economic Growth Predicted to Grow Between 3.5 And 5.5 Percent In 2023;
Rice export prices declined 1-2 percent due to the weakening of the Thai baht.
Philippine imports of pulses and other leguminous vegetables in various formats (dry, frozen, flour, and prepared foods) grew 48 percent in the past five years to $88 million in 2022.
China’s two-way agricultural trade with members of the Regional Comprehensive Economic Partnership increased to $123.5 billion in 2022, one year after the regional free trade agreement came into force.
Taiwan’s overall seafood imports reached US$2.1 billion in 2022, up 20 percent from 2021, with imports from the United States decreasing slightly to US$32 million.
On February 13, 2023, the National Health Commission (NHC) published an announcement to collect public comments from domestic stakeholders on the formulation or revision of 38 national food safety standards.
On February 22, 2023, the Philippine Tariff Commission announced that it will commence a Comprehensive Review of the Most Favored Nation (MFN) Tariff Schedule, covering all products/tariff lines falling under Chapters 1 to 97 of Section 1611 of the CMTA, to set the MFN Tariff Schedule for 2024 to 2028.
Thailand has witnessed tremendous e-commence growth over the past three years. Online grocery services have become one of the fastest-growing e-commerce categories in the country.
On February 2, 2023, the Ministry of Agriculture and Rural Affairs (MARA) published a notice on the "Guidelines for Applications for New Plant-Extracted Feed Additives" along with revisions on approved additives. This report provides an unofficial translation of the MARA notice.