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On June 16, 2022, the People’s Republic of China (PRC), Ministry of Agriculture and Rural Affairs (MARA) released two draft National Food Safety Standards for maximum residue limits covering a total of 98 pesticides in foods for public comment.
Indonesia, the largest economy in Southeast Asia, was the 11th largest market for U.S. agricultural exports in 2021 valued at $24.5 billion. Indonesia is party to 14 Free Trade Agreements (FTA), creating tough competition for U.S. agricultural exports. Indonesia’s major FTA partners (i.e., Australia, New Zealand, China, etc.) also benefit from proximity.
Attaché Report (GAIN)

Turkey: Food Inflation in Turkey Marches Higher

Food inflation in Turkey is the highest it has been in decades. Average food prices in May were up 92 percent from a year ago. One of the leading reasons behind higher food prices is the rising cost of on-farm inputs, such as fuel, fertilizer, and feed.
Attaché Report (GAIN)

South Korea: Grain and Feed Update

The FAS/Seoul June 2022 Grain and Feed update covers changes to the Korean rice situation since the March 2022 Grain and Feed Annual report. MY 2022/23 rice production will likely decline slightly (1.4 percent) from the previous estimate due to government efforts to avoid overproduction, while consumption and imports are projected to remain unchanged from FAS/Seoul’s initial forecast.
Attaché Report (GAIN)

Japan: Retail Foods

In 2021, the total value of all retail food and beverage (F&B) sales in Japan totaled $467.20 billion, a 2.3 percent decrease over 2020 sales of $478.12 billion. Supermarkets continue to represent the bulk of the retail food market, accounting for 74 percent of the market, with convenience stores, drugstores and internet sales of food and beverages accounting for the rest of the market.
This report outlines specific requirements for food and agricultural products to be imported into Turkey and was prepared by the USDA Foreign Agricultural Service’s Office of Agricultural Affairs in Ankara, Turkey for U.S. exporters of food and agricultural products.
This 2022 Food and Agriculture Import Regulations and Standards (FAIRS) Export Certificate Report for Turkey lists the major export certificates and other requirements expected by the Turkish government for food and agricultural products imports to Turkey.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices decreased 3-5 percent due to the weakening of the Thai baht.
Attaché Report (GAIN)

Australia: Retail Foods

Health, wellness, and the environment continue to be key purchasing factors for Australian consumers. Portion sizes are increasingly important as consumers want quality over quantity, and they expect packaging to be informative and environmentally responsible.
Attaché Report (GAIN)

New Zealand: Retail Foods

U.S. food and agricultural products have continued to prove popular in the New Zealand market, and in 2021 the value of these products was a record US$ 625 million, US$ 425 million of which were consumer-oriented products. The New Zealand grocery and food retail sector has seen resiliency during COVID-19 and continued strong demand.
Attaché Report (GAIN)

Philippines: Grain and Feed Update

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.
Attaché Report (GAIN)

European Union: Dairy and Products Semi-Annual

EU environmental restrictions are stagnating milk production in Northwestern European Member States (MS). As a result, EU27 peak milk production was likely reached in 2020 and cow milk production in the EU27 is forecast at 144.6 million MT (MMT) for 2022, a decrease of 434,000 MT compared to 2021 and 836,000 MT down from 2020.