Browse Data and Analysis

On November 28, 2023, the People’s Republic of China (PRC) State Administration for Market Regulation (SAMR) released the updated Administrative Measures for Registration of Formula Foods for Special Medical Purposes.

On December 31, 2023, three People’s Republic of China (PRC) government regulatory agencies jointly announced inclusion of three new ingredients including American Ginseng in the Catalog of Health Food Ingredients, effective May 1, 2024.

The 2023 Central Rural Work Conference (CRWC) placed high importance on preservation and construction of farmland and the facilitation of grain yield increases in larger areas.

In December 2022, the People's Republic of China announced changes to its pandemic response policy, signaling a shift that removed previous restrictions which impacted food and agricultural trade and marketing.

Thanks to consumers' growing preference for healthy food and earlier successful marketing of nuts and dried fruit products across the country, China's consumption and demand for nuts and dried fruit has exploded over the past few years.

On December 26, 2023, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of 85 seed production and operation licenses, including 26 genetically engineered (GE) corn and soybean seed production and operation licenses.

On December 22, 2023, the State Council Tariff Commission (SCTC) announced to again extend the Section 301 retaliatory tariff exclusions on 12 agricultural products, including shrimp for cultivation, whey for feed, fishmeal for feed, alfalfa and seven hardwood products through July 31, 2024.

On December 21, 2023, the State Council Tariff Commission (SCTC) announced its annual tariff adjustment plan that sets tentative import and export tariff rates for select commodities in 2024.

Following three years of travel restrictions due to China’s zero-COVID policy, trade shows are quickly regaining their international participants and audiences.

Despite challenges related to the slow economy, citrus production in China for marketing year (MY) 2023/24 is expected to continue to grow, outperforming other fruit categories.

China ended its three-year long COVID restrictions in late December 2022. Since then, hotels have generally had a robust return of customers, while restaurants performed differently.

Korea's total citrus production is forecast at 570,000 metric tons (MT), a 2.1 percent decline from the previous marketing year (582,000 MT), driven by lower yield for open-field tangerines, and a slight reduction in planted area. As the prices of other domestic and imported fruits rise, consumption of relatively cheap citrus - both imported and domestic - is expected to remain strong.