The Bank of Ghana restricted access to foreign exchange for a select list of imported products, including rice, poultry, vegetable oils, and pasta, among other items, to implement a directive from the President of Ghana.
This report provides updated information about the adoption of agricultural biotechnology in Vietnam. Since approving all outstanding applications for food and feed use in August 2021, Vietnam has not resumed its regulatory process for acknowledging and reviewing new applications.
Hong Kong’s relevant food regulation contains a positive list of chemicals which are allowed for use as coloring matter. However, this positive list does not explicitly list calcium carbonate as an allowable coloring additive for food use. In this regard, the U.S. food manufacturers, in consultation with Post, wrote to the Hong Kong government to seek clarification on whether calcium carbonate is allowed for use as a food coloring additive.
Indonesia 2022/23 coffee production is expected to rise to 11.35 million bags on improved yields. Domestic coffee consumption is revised down from the last update by 30,000 bags following a hike in fuel prices in September 2022. Green bean exports are revised up to 6.6 million bags on increased international demand and the depreciation of the Indonesian rupiah.
Post forecasts Burmese rice exports lower in November. Despite the contracted shipment to Bangladesh, slow demand from African countries and high domestic prices will lead to lower exports in November. Domestic prices for Emata increased in November as local traders are purchasing stock in anticipation of a lower production. Prices for Shwe Bo Pawson also remained high.
On September 29, China notified the draft National Food Safety Standard on Food Additive Morpholine Fatty Acid Salt Fruit Wax to the WTO SPS Committee as G/SPS/N/CHN/1251, which intends to replace the existing National Food Safety Standard of the same title issued on August 31, 2016 (GB1886.227-2016).
Hong Kong is an open market offering good opportunities for U.S. beer exporters. Over the last two years, both beer imports and domestic sales have been stable despite the pandemic. In 2021, Hong Kong’s global beer imports held steady from the previous year at $115 million, making the city the fourteenth largest beer import market in the world. Domestic beer sales recovered 9 percent from 2020 at $732 million.
Japan will require importers of U.S. products containing mackerel, Pacific saury, sardine, squid and cuttlefish to submit a newly approved Catch Certificate issued by the National Oceanic and Atmospheric Administration (NOAA). The requirement extends to all seafood originating from these species if the marine product is harvested after November 30, 2022.
Over the last five years, Hong Kong’s global imports of hops expanded 42 percent, growing 10 percent to $7.2 million in 2021. The United States continues as the leading supplier enjoying 96 percent market share. Hong Kong re-exported 72 percent of its hop imports to other markets in the region, retaining 28 percent for local breweries.
On November 9, 2022, The International Trade Administration Commission of South Africa (ITAC) announced the initiation of the sunset review of anti-dumping duties (ADDs) of frozen bone-in portions of poultry from the United States.
In 2023, dairy product imports are forecast to remain near 2022 levels but a number of factors, including high global dairy prices, increased domestic production, and a weak economic outlook could weigh heavily on trade. Raw milk production in 2023 is expected to reach nearly 41.7 million metric tons (MMT).