Browse Data and Analysis

Post forecasts total lint cotton production to increase by 23 percent to 395,000 bales in MY2016/17.

Excise Tax on Industrialized Products (IPI) on alcoholic beverages was changed from an ad rem to an ad valorem system.

Production losses caused by Algae Bloom of Pseudochattonella verruculosa are estimated to be up to 100,000 MT, which represents 10% of Chile’s annual salmon production.

Export prices increased slightly due mainly to currency fluctuation. Traders are awaiting the result of the food and non-food grade rice tenders, which were issued last week.

Indonesia’s Drug and Food Control Agency (BPOM) has notified draft regulation SPS/108 “Requirements for Commercial Sterile Foods.” Comments will be accepted until April 9, 2016.

Introduction of a 6 percent Goods and Services Tax (GST) on April 1, 2015 increased costs and discouraged transshipment of cotton from Malaysia to nearby regional markets.

On March 21, 2016, Canada’s Minister of Agriculture attended the House of Commons Standing Committee on Agriculture to present Agriculture and Agri-Food Canada’s planned spending for the coming year.

Post estimates total cereal production for MY 2016/17 at around 1.5 million MT with wheat production estimated at 1.1 million MT and barley production estimated at 400,000 MT.

For MY 2016/17, Post estimates cereal production at 4.7 million MT, about 58 percent lower than the record harvest in MY 2015/16.

Indonesia’s Ministry of Trade has updated its regulation on import licensing for animals and animal products.

MY 2016/17 corn imports are forecast to decrease 200,000 MT to 9.8 MMT due to competitively-priced wheat replacing corn for feed use.

In March 2016, CFDA published the Measures to regulate registration of formula foods for special medical purposes produced and distributed in China, or imported into China.