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- (-) November 2020
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Indonesia cotton consumption for 2019/20 has declined to a 10-year low of 2.4 million bales due to weaker domestic and overseas demand related to COVID-19.
Report Highlights: China’s Hotel, Restaurant, and Institutional (HRI) sectors recorded $687 billion in sales revenue in 2019, a 9 percent increase from the previous year.
Indonesia’s recently booming coffee and café industry continues to suffer as a result of weaker demand related to COVID-19.
In June 2020, China’s central government announced its economic masterplan to develop the south China island of Hainan into a Free Trade Port (FTP).
China’s pet food market is experiencing phenomenal growth that is expected to continue into the future.
China’s MY2020/21 fresh potato production is forecast at 99 million metric tons (MMT), a 3 percent increase over MY2019/20 primarily due to expanded acreage.
The USDA-sponsored “U.S.–Indonesia Dairy Roundtable” event, held in Jakarta on September 30, 2019, has delivered record results for U.S. dairy exports.
China’s retail sector continues to grow to new highs as the number of middle-class consumers keeps growing.
The forecast for China’s corn imports for Marketing Year (MY) 2020/2021 is increased from 7 million metric tons (MMT) to 22 MMT.
Thailand’s sugar syrup exports to China increased more than twelvefold by volume in the first eight months of 2020 when compared to the same period in 2019.
Virtual business engagements have taken on new importance in 2020.
China’s apple and pear production is forecast at 40.5 MMT and 16 MMT, respectively, in MY 2020/21, due largely to frost damage during flowering.