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On March 28, 2025, the General Administration of Customs of the People’s Republic of China (GACC) published Announcement 277 updating the Regulations on the Declaration Management of Import and Export Goods, which will take effect on May 1, 2025, replacing the previous version from 2003.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Asia Pacific Leather Fair (APLF) attracts global leather and hide buyers to Hong Kong...
Indonesia offers significant opportunities for U.S. food ingredient suppliers to supply raw materials for its 100-billion-dollar food processing industry.
China was the world’s second largest importer of food in 2024, at $197 billion, with a significant portion going into food processing.
The Vietnamese food processing industry grew by 7.4 percent in 2024 to $79.3 billion and food ingredient demand is expected to remain strong.
Malaysia's food processing sector continues to be an attractive destination for U.S. food ingredients. Food and beverage manufacturing remain priority areas of economic growth for Malaysia and have boasted solid performance in the past several years.
Recovering from weather challenges in the first part of MY 24/25, Post forecasts MY 25/26 Malaysia palm oil production to increase to 18.5 million metric tons (MT).
Vietnam’s soybean crushers are expanding capacity with new production lines coming online in the 2024/25 and 2025/26 marketing years.
In MY2025/2026, Taiwan’s wheat imports are forecast at 1.38 MMT supported by Taiwan consumers’ preference for more diverse food offerings including wheat-based products and a vibrant baking industry.
Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.
Australian oilseed production, dominated by canola, is expected to be strong for the fifth consecutive season during the marketing year (MY) 2025/26.
Following an estimated decrease of Indonesian cotton consumption in 2024/25 of 1.795 million bales, cotton consumption in 2025/26 is forecast to remain on par at 1.8 million bales.