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The ongoing revival of South Korea’s food service sector strengthened consumer demand for beef and pork in 2022. This positive trend is expected to continue in 2023 as Korea’s hotel, restaurant, and institutional sectors gain momentum in a post-covid market.

On October 20, 2022, the Sri Lanka Standards Institution (SLSI) notified draft amendment standards (number 1) to SLS 1725-1:2021 for Processed Grain-based Food Products, Part 1: Multi/Mixed Grain to the World Trade Organization (WTO).

On October 20, 2022, the Sri Lanka Standards Institution (SLSI) notified draft amendment standards (Number 1) to SLS 1725-2:2021 for Processed Grain-based Food Products, Part 2: Cornflakes to the World Trade Organization (WTO). WTO members are invited to submit comments on notification G/TBT/N/LKA/51

On October 20, 2022, the Sri Lanka Standards Institution (SLSI) notified its draft amendment standards (Number 1) to SLS 894:2003 for bottled (packaged) drinking water to the World Trade Organization (WTO). WTO members are invited to submit comments on notification G/TBT/N/LKA/51. The comment period closes on December 20, 2022.

On October 20, 2022, the Sri Lanka Standards Institution (SLSI) notified draft amendment standards (Number 1) to SLS 1725-3:2021 for Processed Grain-Based Food Products, Part 3: Rolled Oats to the World Trade Organization (WTO). WTO members are invited to submit comments on notification G/TBT/N/LKA/51.

On October 20, 2022, the Sri Lanka Standards Institution (SLSI) notified draft amendment standards (Number 1) to SLS 1036:2020 for processed cereal-based foods for infants and young children to the World Trade Organization (WTO). WTO members are invited to submit comments on notification G/TBT/N/LKA/51.

On October 20, 2022, the Sri Lanka Standards Institution (SLSI) notified draft amendment standards (Number 1) to SLS 1725-4:2021 for Processed Grain-Based Food Products, Part 4: Rice Flakes to the World Trade Organization (WTO).

This report is intended to capture the estimated changes in the trade of major grains for marketing year (MY)2022/23 resulting from the extension of the Black Sea Grain Initiative for the next 120 days at the end of November 2022. MY2022/23 corn production estimates were updated as well.

The forecasts for MY2022/23 rice and corn production remain unchanged from the previous forecasts, as well as corn and wheat import demand.

Bulgarian fish and seafood importers are seeking to expand the variety of locally available fish, particularly among the mid and high-value categories. According to the Bulgarian National Statistical Institute (NSI), which measures trade data based on country of origin, and therefore captures U.S. trade routed through other European ports of entry, Bulgaria imported $166,000 of U.S. fish and seafood in 2021, up 29 percent from the difficult 2020, but significantly lower than the pre-COVID levels of $554,656 in 2019.

Animal health concerns, feed, energy, fuel prices, and labor are the major factors impacting the Romanian swine sector. Romania’s swine herd had a 5.9 percent year-on-year decline in May 2022, while pork meat imports grew by 23 percent during the first eight months of 2022.

Export prices increased 1-3 percent due to the further strengthening of Thai baht and new inquiries.