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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.
Nigeria is the most populous country in Africa, and has the largest economy on the continent. Demographically, its population is relatively young and urbanizing.
This report contains guidance from the Office of Agricultural Affairs at the U.S. Embassy in Beijing, China for U.S. exporters who continue experiencing difficulties registering their manufacturing, processing, and storage facilities subject to General Administration of Customs of the People's Republic of China (GACC) Decree 248.
On December 7, 2023, the Ministry of Agriculture and Rural Affairs (MARA) announced the registration of 51 genetically engineered (GE) corn and soy varieties, including 37 GE corn varieties and 14 GE soybean varieties.
The People's Republic of China (PRC) continues to advance toward commercial cultivation of domestically developed genetically engineered (GE) corn and soybean crops.
On October 25, 2023, China notified the National Food Safety Standard for Food Additive L- Polydextrose to the World Trade Organization (WTO) under G/SPS/N/CHN/1290.
In July 2023, President Tinubu declared an "immediate state of emergency on food insecurity" to address high food prices and lackluster agricultural production. Nigeria is considered by some in Africa to be a leader in agricultural biotechnology as it has researched, tested, evaluated, and commercialized several biotech products, including cowpea, a staple crop for smallholder farmers across West Africa.