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This report provides updates to the Korea Rice Production 2022 report issued by FAS/Seoul on June 28, 2022, based on new data released by the Korean Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2022.

The People’s Republic of China (PRC) will re-start old crop rice auctions for feed use beginning in March 2023 to rotate out older stocks, to provide grain alternatives, and to temper rising feed grain prices.

FAS Bangkok revised its forecasts for MY2022/23 rice production higher to 20.2 million metric tons due to abundant water supplies and attractive farm-gate prices for off-season rice production. Thai rice exports in 2022 were higher than expected at 7...

Corn, rice, and sorghum production forecasts are revised downward in marketing year MY 2022/23, while the wheat production estimate is increased to 3.6 MMT.

The Ministry of Public Health (MOPH) Notification No.431 B.E. 2565 (2022) RE: Foods Derived from the Genetically Modified Organisms and Ministerial Notification No.432 RE: Labeling of GM Foods went into force on December 4, 2022.

This is a biweekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.

On December 27, 2023, Korea issued its flexible tariffs (Adjustment and Tariff Rate Quota) list for certain agricultural, forestry and fishery products for calendar year (CY) 2023.

At the end of January 2023, Romania’s Institute for Diagnosis and Animal Health (IDAH) confirmed one primary and two secondary outbreaks of highly pathogenic avian influenza (HPAI) in a commercial turkey operation located in central Romania.

The Bulgarian organic market continued to expand in 2022 with an estimated annual growth of 3.2 percent compared to 2021. The main driver behind the growth was the strong consumer focus on a healthier lifestyle and the perception that organic products are healthy and higher quality compared to conventional products.

In 2021, Chinese imports of alfalfa pellets hit record levels of 52,254 metric tons (MT) and $13.66 million by value, increases of 62 percent and 70 percent respectively. The market is dominated by Spanish-origin pellets.

Venezuelan milk production reached 1.5 billion litres in 2021, just a 2 percent increase from 2020. The formal dairy industry processed 12 percent of this output, only working at 20 percent of their capacity, due to the collapse of the market and Venezuelan consumers favoring artisanal cheeses.

On May 19, Japan's Diet approved the Ministry of Agriculture, Forestry and Fisheries proposed revisions to the Agricultural Export Facilitation Act. The revisions allow product-specific industry groups to implement check-off systems and establishes a new fund to extend low-interest and long-term loans to producers, manufacturers and distributors to promote exports.