The 2022/2023 sugarcane harvested area is slightly reduced due to the impacts of the recent flooding in key production areas. As a result, the 2022/23 cane sugar production forecast is lowered to 7 million tons. Despite the slight decline in output expected, there will still be an exportable surplus, and the 2022/23 export forecast remains 1 million tons.
Good weather conditions and an “on-year” for production will push Turkey's pistachio production higher in MY 2022/23. The production of almonds and hazelnuts is likewise forecast higher, while walnut production is expected to remain steady.
On September 15, 2022, Taiwan announced the extension of tariff and tax exemptions for several agricultural commodities till the end of 2022. The tariff on beef and selective butter products and milk powder is reduced by 50 percent, the tariff on wheat and the business tax on imported corn, soybeans and wheat are waived. These measures have been in place since December 2021.