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The People’s Republic of China decision to end COVID restrictions is expected to bolster economic activity which will facilitate food service business and improve demand for certain chicken meat products in 2023.

On February 6, the Government of Indonesia (GOI) announced it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies ahead of Ramadan and Eid festivities.

Japan has a well-developed food retail market that demands high-quality, high-value agricultural and food products. Despite reduced economic activity during the COVID-19 pandemic, trade data show that agricultural imports have remained resilient.

Rice export prices dropped 1-2 percent due to the weakening of the Thai baht and new supplies of MY2022/23 off-season rice.

Since the implementation of the U.S.-China Phase One Economic and Trade Agreement in 2020, U.S. pet food exports to China have experienced significant grown. Earlier this year, the United States overtook Canada as the largest exporter of pet food to China.

With the easing of Zero-COVID restrictions, China-based trade shows expect considerable international interest. This report includes a list of food, agriculture, fish and forestry shows throughout China in 2023.

New Zealand grain and feed import volumes in 2022 rose to the highest level ever, importing 3.7 million metric tons (MMT), up 13 percent from the previous year. National grain and feed demand continues to outstrip domestic supply by nearly double, with New Zealand producing 2.1 MMT in 2022, but consuming an estimated 5.8 MMT.

Japan’s Ministry of Health, Labour and Welfare (MHLW) proposed revisions to Japan’s maximum residue levels for 9 agricultural chemicals (Iprodione, Metobromuron, Paraquat dichloride (Paraquat), Pyridachlometyl, Isoprothiolane, Diminazene, Dipropyl isocinchomeronate, Mafoprazine, and Pyrimethamine) for various agricultural commodities.

Japan’s Ministry of Economy, Trade and Industry (METI) published a draft notification for biofuel standards from Japanese fiscal year 2023 through 2027.

In 2022, the total value of U.S. agricultural and related products exported to Taiwan reached a record $4.4 billion, an increase of 13 percent compared to the previous year. Taiwan successfully remains the 6th largest market for U.S. agricultural & related exports.

In 2022, Hong Kong was the world’s tenth largest spirits importer, with global imports recovering 7 percent year-on-year and valued at $502 million. From 2020-2021, Hong Kong’s imports and domestic sales of spirits were seriously hampered under the COVID-19 pandemic, as most restaurants, pubs, and bars were closed due to stringent dining, social distancing, and travel restrictions.

FAS Rangoon forecasts Burma’s corn production lower due to rising production costs, unstable security conditions in some production areas, and unfavorable weather especially in Shan State.