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Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.

The People's Republic of China (PRC) continues to advance its agricultural biotechnology system for commercial cultivation of domestically-developed genetically engineered (GE) food and feed crops, specifically corn and soybeans.

Overall, Indonesia’s total 2024/25 coffee production rose by approximately 2.4 million bags from the previous year. However, post revised down this 2024/25 production estimate 8 percent from the previous report’s estimate to 10 million bags as robusta crop recovery from severe weather impacts in 2023/24 underperformed expectations.

On October 18, 2024, China notified National Food Safety Standard for Maximum Levels of Contaminants in Food Amendment No. 2 to the World Trade Organization (WTO) under G/SPS/N/CHN/1321.

The Government of Vietnam (GVN) issued Decree 144/2024/ND-CP on November 1, 2024, lowering Most-Favored-Nation (MFN) tariff rates on soybean meal to one percent from two percent. The Decree will enter into force on December 16, 2024.

Milk production for 2025 in Australia is forecast to increase by 1.1 percent to 8.8 million metric tons (MMT) after strong growth of 2.7 percent for 2024 at an estimated 8.7 MMT from previous years of declining production.

Rice export prices dropped 1-3 percent from the previous week as the weakening of the Thai baht and the new crop MY 2024/25 paddy rice entered the market.

The New Zealand Government is in the final stages of amending its Climate Change Response Act 2002 to remove agriculture activities from the New Zealand Emissions Trading Scheme.

The Thai government has made significant progress in addressing food security and climate change challenges by advancing its biotechnology regulatory landscape. Recognizing the benefits of genome editing technology as a key driver for enhancing the competitiveness and value of the agricultural sector, Thailand has taken a major step forward.

The Philippines has been a pioneer within Asia in adopting biotechnology crops. On April 17, 2024, the Court of Appeals (CA) ruling on the Writ of Kalikasan revoked the biosafety permit for commercial propagation of golden rice and directed the University of the Philippines Los Baños (UPLB) to cease and desist from commercially propagating and conducting activities relating to Bt eggplant.

Rice export prices dropped one percent from the previous week despite the strengthening of the Thai baht.

Korea’s wine import sector has been undergoing a stabilizing phase since the explosive growth around 2021. In 2023, wine imports reached 506 million USD, down 12.9 percent from the previous year, totaling 56.5 million kg, a decrease of 20.4 percent compared to 2022.