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Due to lower than forecast production in the first 6 months and expectations for a return to slightly above trend yields for the remainder of 2014/15, palm oil output is forecast at 19.5 million tons.
The Czech Republic has witnessed exceptional grain crop in MY14/15. Record yields and average but sufficient quality will cover both the domestic and export demand.
Italy’s CY 2014 wine production is estimated at 4.4 billion liters, 15 percent less than the previous campaign and 7 percent below the five-year average, as a result of a rainy summer.
In MY 2014/15, a larger harvest area was realized for Chilean wheat over the previous marketing year (MY).
On April 22, 2015, the Indian Meteorological Department (IMD) issued a ‘below normal monsoon’ forecast for the upcoming 2015 southwest monsoon season (June-September).
Consumption of U.S. beef continues to gradually rise as consumer confidence in its safety goes up, however it’s less competitive due to higher prices and stiff competition.
As the well being trend is set to become even more prominent in Korea – U.S. Equivalency Agreement (KORUS EA) implementation since July 2014, the prospects for imported organic food seem very bright.
FSSAI amended the Food Safety and Standards (Food Product Standards and Food Additives) Regulations, 2011, to allow the use of lecithin as a food additive.
ATO Tokyo Sponsors the USA Pavilion at FOODEX JAPAN 2015; Ambassador Kennedy Observes Silkworms for Genetically Engineered Application...
On April 16, 2015, the World Trade Organization (WTO) published on its website draft regulations related to naturally occurring toxic substances (NOTS) in some food and beverage products.
Russian Government Approved Subsidies to Support Agricultural Machinery Producers . . . Ministry of Agriculture Reports on Feed Stocks . . . Increased Marketing of Locally Produced Fish . . .
The impact of the 2014/15 MY drought in the sugar industry is expected to continue in the 2015/16 MY.