Bangladesh: Biweekly Price and Policy Update Week of 26 February 2023

Post forecasts the Brazilian coffee production for Marketing Year 2023/24 (July-June) at 66.4 million 60-kg bags, an increase of 3.8 million bags compared to the previous crop. Post forecasts arabica production at 44.7 million bags, an increase of 12 percent from the previous season due to favorable weather conditions in growing regions.

Thailand is likely to lower biofuel consumption targets in the new AEDP 2022 due to expected lower fuel demand after 2027. The Thai government anticipates more electric vehicles on the road and increased rapid mass transit system, as well as double-track railway routes.

On March 15, 2022, the People’s Republic of China (PRC) State Administration for Market Regulation and National Standardization Committee released National Food Safety Standard for Drinking Water Quality (GB5749-2022), which entered into force on April 1, 2023.