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The Philippine government is currently studying higher ethanol blends in gasoline on a voluntary basis up to 20 percent (beyond the 10 percent mandate).
Corn production in MY2022/23 is revised up slightly based on National Bureau of Statistics data indicating a better harvest in the North China Plain which more than offset smaller yields in the northeast.
Indonesian cotton imports in 2021/22 increased by 11.7 percent to 2.57 million bales due to increased economic activity following relaxed COVID-19 restrictions. However, due to the global economic slowdown leading to lower demand for Indonesian textiles and products, cotton imports in 2022/23 are forecast to slightly decline to 2.50 million bales.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Hong Kong’s International Wine & Spirits Fair Returns; 2023 Economic Turnaround Predicted for Hong Kong; Hongkongers Optimistic About Household Finances But May Still Cut Back Spending
On January 11, 2023, the People’s Republic of China (PRC) National Health Commission (NHC) released an updated Catalog of National Food Safety Standards. The updated list contains 1,478 standards covering food products, additives, quality specifications, testing methods, and production practices. This report provides an unofficial translation of the Catalogue.
Rice export prices rose 2-5 percent higher due to exporters’ concerns about the strengthening of the Thai baht.
On September 20, 2022, the China’s Ministry of Agriculture and Rural Affairs (MARA), the National Health Commission (NHC), and the State Administration for Market Regulation (SAMR) jointly published Announcement No. 594 containing the National Food Safety Standard of Maximum Residue Limits (MRLs) for 41 Veterinary Drugs in Foods (GB 31650.1-2022) and 21 standards of methods for determination of veterinary drug residues.
On January 13, 2023, the Ministry of Agriculture and Rural Affairs (MARA) published a finalized updated “Guideline for Safety Assessment of Genetically Modified Plants.”
After several years of consistent growth, China’s citrus production in marketing year (MY) 2022/23 is expected to remain steady as the market deals with continuing COVID challenges, unfavorable weather, and phytosanitary issues.
The Ministry of Economy, Trade and Industry (METI) proposed default greenhouse gas (GHG) emission values for biomass feedstock eligible for the feed-in tariff and feed-in premium (FIT/FIP) programs for power generation.
The Central Rural Work Conference (CRWC), which was held on December 23-24, 2022, reiterates the existing People’s Republic of China’s (PRC) priorities of ensuring food security and improving grain production capacity.
On January 13, 2023, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of new and renewed biosafety certificates for genetically engineered (GE) events.