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On December 22, 2023, President Ferdinand Marcos, Jr. signed Executive Order No. 50 (EO 50) extending lower tariffs on pork, corn, and rice for another year or until December 31, 2024. EO 50 was published on December 26, 2023, and took effect immediately upon publication.

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.

In 2023, the Korean government implemented three rounds of tariff rate quotas (TRQs) for various imported agricultural, livestock, and fishery products, including new TRQs to stabilize food prices.

Due to increased detections of the highly pathogenic avian influenza (AI) virus H5N1 in wild birds, the Austrian authorities declared certain areas of Austria at greatly increased risk of AI.

The Animal Health Directorate in the Department of Agriculture, Land Reform and Rural Development (DALRRD) released a progress report on the Highly Pathogenic Avian Influenza (HPAI) outbreak that was first detected in the Western Cape Province in April 2023.

This biannual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in dairy products.

In March 2021, Kazakhstan put in place a ban on breeding cattle and ram exports. The ban remains in place. An annual, per operation export quota has been added for exports of bulls of 12-months of age or older and rams of 6-months of age or older; the quota is regularly updated.

Canada proposes a draft protocol, under its Greenhouse Gas Offset Credit System Regulations, to incentivise feedlot operators implement changes to reduce enteric methane emissions from beef cattle, and to generate carbon offset credits.

Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.

Although Indonesian dairy production is still reeling from the 2022 Foot and Mouth Disease (FMD) outbreak, imports of dairy ingredients are expected to decline in 2023.

Australia has been a world powerhouse of high-quality wool production and exports for over 150 years. The industry now exports around 323,000 metric tons (MT) of wool valued at about US$2.3 billion - more than any other wool exporter.

Health Canada opened pre-consultations on a proposed new regulatory framework for foods for special dietary use and infant foods, which include categories such as infant formula, prepackaged human milk, medical foods, gluten-free foods, formulated...