Browse Data and Analysis

Rice export prices increased 2-3 percent, reflecting new inquiries that offset the depreciation of the Thai baht.

High commodity prices in the international market during the last term of 2022 are expected to impede the growth of 2022/23 Indonesian wheat imports and curb the use of wheat in feed formulation.

Vietnam’s food processing and manufacturing sector grew by 8.8 percent in 2022 versus 2021, while food retail revenue increased by 10 percent.

Canada Border Services Agency (CBSA) will implement the second release of its Assessment and Revenue Management (CARM) project in October 2023.

Following a review of aluminum in foods, Health Canada announced, on March 9, 2023, its intention to revise certain permitted uses of aluminum-containing food additives.

On March 7, 2023, the People's Republic of China (PRC) notified revised Maximum Levels (MLs) of Nitrite to the World Trade Organization (WTO) under G/SPS/N/CHN/1276.

On March 6, 2023, the federal government opened applications for six programs under the Sustainable Canadian Agricultural Partnership (SCAP), Canada’s new iteration of its five-year farm policy framework.

Japan’s Ministry of Health, Labour and Welfare (MHLW) proposed revisions to Japan’s maximum residue levels for 11 agricultural chemicals (Ametoctradin, Amisulbrom, Flumioxazin, Flupyradifurone, Glufosinate, Mefentrifluconazole, Metaldehyde, Simeconazole, Cefuroxime, Dicloxacillin, and Amprolium) for various agricultural commodities.

Cotton production in Australia is primed for a near record 5.8 million bales in MY 2023/24, stringing together three successive big crops starting from the record 5.85 million bales in MY 2021/22.

On January 4, 2023, the People’s Republic of China (PRC) National Health Commission (NHC), Ministry of Agriculture and Rural Affairs (MARA), and State Administration of Market Regulation (SAMR) jointly announced the publication of a new National Food Safety Standard for 112 Maximum Residue Limits (MRLs) in Foods.

The Philippines maintains a Tariff Rate Quota (TRQ) for corn (H.S. 1005). Following the reduction of tariffs in 2022 and their extension in 2023, significant interest in how to access the in-quota tariff ensued, and in turn, so followed widespread concern among local stakeholders for the process being anti-competitive, outdated, and potentially inconsistent with the Philippines' commitments with trading partners.

In 2022, Taiwan imported record-high US$4.4 billion agricultural products from the US. Yet, due to COVID variants, the Russian invasion of Ukraine, labor shortage, and inflation issues, Taiwan's nominal Gross Domestic Product (GDP) decreased 0.17 percent at $774.7 billion.