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Rice export prices further dropped 1-6 percent from the previous week in response to the removal of India’s rice export ban, despite the strengthening of the Thai baht.
In 2023, Hong Kong did not have any policy changes to regulations pertaining to genetically engineered (GE) products. GE products are subject to the same food regulations of conventional foods.
On November 15, the People’s Republic of China (PRC) Ministry of Finance and the State Administration of Taxation announced that, effective December 1, the 13 percent export tax rebate for used cooking oil (UCO) under HS code 151800 would be eliminated.
Import permits for genetically engineered (GE) corn from the United States are once again issued by South Africa. After a mid-summer drought that caused a 22 percent drop in production, South Africa needs to import corn to supplement domestic production.
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