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In 2023, Australia's foodservice industry was worth A$59 billion (US$39.1 billion). However, rising inflation and the overall cost of living have hindered its growth in 2023 and 2024.

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.

On October 25, 2024 the Ministry of Agriculture and Rural Affairs (MARA) of the People’s Republic of China (PRC) published a National Smart Agriculture Action Plan (2024-2028) (hereafter “Action Plan”).

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Hong Kong launches Delicious USA 2024 with a record 51 restaurants offering Hong Kong and Macau patrons a chance to “Taste the Finest”...

On October 18, 2024, China notified National Food Safety Standard for Sterilized Milk Amendment No. 1 to the World Trade Organization (WTO) under G/SPS/N/CHN/1322.

Biodiesel production is expected to remain flat in Malaysia at 1.58 billion liters, as the country is likely to remain at a B10 blend rate as B20 and B30 mandate goals have not advanced.

In 2024, Japanese oil refineries have continued supplying ethyl tert-butyl ether (ETBE), which is made from approximately 824 million liters of bioethanol and reflects the annual target volume set by the Government of Japan (GOJ).

In September 2024, a National Assembly member submitted a draft revision of the Act on Transboundary Movements of Living Modified Organisms, commonly referred to as the LMO Act.

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.