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Executive Order #171, Series of 2022, modifies market access for MFN tariffs on corn and rice through December 31, 2021, necessitating changes to Post’s corn and wheat balance sheets but not rice.

Post forecasts Burmese rice exports lower in June due to reduced supplies in the domestic market and higher domestic prices. The Burmese government continues making changes to its trade and foreign exchange rate policies that are impeding trade.

This report provides information of the food and agricultural laws and regulations currently in force in Vietnam.

This report provides an overview of Vietnam’s certification requirements for imported food and agricultural products. In the first six months of 2022, Vietnam made no changes to its certification requirements.

Rice export prices decreased due to the weakening of the Thai baht.

Post forecasts consumption of cotton in the Malaysian textile industry at 290,000 bales in marketing year (MY) 2022/23, a 3.3 percent drop from the previous year post’s estimate. The expected reduction is based on textile companies shifting their operation to other South-East Asian countries as the cost of labor increased in Malaysia with the revision of new minimum wages on April 1, 2022.

FAS Manila maintains 2022 pork production while increasing imports 25,000 MT to 400,000 MT, reflecting improved market access conditions. No changes are made to the chicken PSD.

Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.

The United States is the largest bilateral agricultural trading partner without a free trade agreement with Vietnam. This report summarizes the tariff and non-tariff competition that U.S. agricultural products face in Vietnam, as the result of the numerous bilateral and regional free trade agreements that Vietnam has signed with other trading partners.

Rice export prices decreased one percent due to the weakening of the Thai baht.

Post revised the Vietnam marketing year 2021/2022 (MY 2021/22) coffee production estimate up to 31.58 million bags, green bean equivalent (GBE), on higher yield. Post revised MY 2021/22 exports up to 27 million bags thanks to increased exports in the first quarter of 2022, potentially steady demand, and the possibility of logistics improvements.

Post expects MY2022/23 rice production to recover from MY2021/22 due to available water supply and abundant precipitation. MY2021/22 and MY2022/23 feed wheat imports could benefit from the temporary removal of restrictive import measures from May 10 to July 31, 2022.