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Rice export prices increased 1-2 percent as exporters continued to secure rice supplies ahead of the Lunar New Year and Ramadan despite a further weakening of the Thai baht.

On January 4, 2024, the Ministry of Agriculture and Rural Affairs (MARA) published a revised “General Directive for Labeling of Agricultural Seeds (Draft for Comments).” The revised draft directive expands label content, requires a description of...

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Hong Kong Encourages Healthier Lifestyle with U.S. Food Ingredients; Hong Kong to Hold 5-month Day & Night Vibes Campaign; New Survey on Hongkongers’ Cross-border Consumption...

On December 30, 2023, Vietnam's Ministry of Health (MOH) released Circular 29/2023, which provides guidelines for Nutritional Labeling on Food Products.

The Thai Food and Drug Administration (TFDA) recently clarified its requirements for copies of export certificates accompanying U.S.-origin imported foods, including fresh fruit and vegetables shipments, into Thailand.

Heavy rainfall in late summer led Post to increase Marketing Year (MY) 2023/24 corn production upwards by 4.2 percent. Post estimates corn feed and residual use at 223 Million Metric Ton (MMT) due to decreasing feed demand and low corn prices.

Post revised the forecasted palm oil production in marketing year MY2023/24 to 19.0 million metric tons (MT) and exports to 16.6 million MT. Contrary to expectation, the El Niño weather pattern in Malaysia has so far been weak to medium intensity.

Farmland in Hong Kong is limited. In 2022, local agricultural production (livestock and crops) yielded about $173 million worth of fresh food. Hence, Hong Kong relies on imports of fresh produce to feed its 7.3 million residents.

El Niño conditions for Australia remain present, but this has been pushed aside in late spring and early summer after the eastern states received above-average rainfalls. This situation has prompted a rise in the sorghum production forecast for MY 2023/24 to 1.8 million metric tons (MMT), and the rice production forecast remains strong at 522,000 metric tons (MT) with the support of ample irrigation water.

On January 5, 2024, the People’s Republic of China (PRC) notified the National Standard for Quality Grading for Gramineous Seeds (Draft for Comments) to the World Trade Organization (WTO) under G/TBT/N/CHN/1786.

This report serves as a practical guide for U.S. exporters wishing to initiate or increase exports of U.S. consumer-oriented and seafood products to Vietnam. It provides an overview of the market potential, practical tips, consumer preferences and trends, food standards and regulations, import and inspection procedures, and useful contacts.

Rice export prices increased 1-2 percent despite the weakening of the Thai baht.