East Asia and the Pacific

Rice export prices increased one percent as exporters are securing rice supplies to fulfill contracted shipment despite the weakening of the Thai baht.

Over the last two years Burma’s foreign exchange restrictions, and the repeated changes to them, have adversely affected the country’s imports and exports.

President Ferdinand R. Marcos Jr. has ordered the Department of Agriculture (DA) to further streamline administrative procedures and policies on the importation of agricultural products and remove non-tariff barriers to help ensure food security.

The U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) is accepting fiscal year 2024 applications for the Food for Progress Program. This Program supports agricultural development activities in countries and emerging democracies that are committed to introducing and expanding free enterprise in the agricultural sector.

Private exporters reported sales of 138,000 MT of soybean cake and meal for delivery to the Philippines during MY 2023/2024.

A recent USDA-sponsored agribusiness trade mission to the Republic of Korea (South Korea) proved to be a tremendous success for nearly 50 U.S. agribusinesses, cooperators, trade associations, and state departments of agriculture looking to grow and diversify U.S. exports to East Asia.