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For the first time, China's leading e-commerce platforms, JD.com and Tmall, successfully imported fresh fruits via the cross-border e-commerce (CBEC) channel.
Jiangnan Fruit Wholesale Market in Guangzhou is China's most influential hub for imported fresh fruit, playing a crucial role in the supply chain. Significant volumes of U.S. cherries, plums, citrus, apples, and grapes enter China through this market before being distributed to other cities.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
On February 19, 2024, India's Ministry of Finance (MoF)/Department of Revenue issued Notification No. 10/2024-Customs in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) (official gazette), lowering import duties levied on frozen turkey (meat) and edible offal, cranberries, and blueberries.
India is the world’s most populous country and boasts one of the fastest growing economies in the world. As Indian households continue to reach higher levels of consumer spending, imported agricultural products are becoming more accessible to a larger number of people.
Despite challenges related to the slow economy, citrus production in China for marketing year (MY) 2023/24 is expected to continue to grow, outperforming other fruit categories.
World peach and nectarine1 production has seen significant growth in the past decade, rising more than 20 percent from 19.6 million tons to 24.2 million in 2022/23.
FAS New Delhi forecasts India’s market year (MY) 2023/2024 (July-June) domestic apple and pear production at 2.41 million metric tons (MMT) and 312,500 metric tons (MT), in anticipation of favorable weather conditions in Jammu and Kashmir and Himachal Pradesh.
Post estimates China’s production of apples, pears, and table grapes to increase to 45 MMT, 19.6 MMT, and 13.5 MMT, respectively, in MY 2023/24.
India: Success Story - India Cuts Retaliatory Tariffs on US Almonds-Apples-Walnuts-Chickpeas-Lentils
On September 5, 2023, and just in time for the G20 New Delhi Leaders’ Summit, India’s Ministry of Finance issued Notification No. 53/2023 (Customs), officially notifying the lifting of retaliatory tariffs imposed in 2019 on U.S.-origin almonds, apples, chickpeas, lentils, and walnuts effective September 6, 2023.
China’s cherry production is forecast to increase by 12 percent to 760,000 MT in Marketing Year (MY) 2023/24 because of a rebound in production in Shandong, Sichuan, and Liaoning provinces.
On May 8, 2023, the Indian Ministry of Commerce and Industry’s Directorate General of Foreign Trade (DGFT) published Notification No. 5/2023, Amendment in Import Policy Conditions of Apples under the Indian Trade Classification (ITC) Harmonized System of Nomenclature (HS) Code 0808.1000 of Chapter-08 of the ITC (HS), 2022, Schedule-I (Import Policy).