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On February 1, 2023, India’s Ministry of Finance, Department of Revenue issued Notification No. 02/2023-Customs in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) (official gazette), whereby it sets the import duty tariff rate for pecans, HS code 0802.9900, at 30 percent, effective April 1, 2023.
On February 1, 2023, the Ministry of Finance, Government of India presented its annual Union Budget to the Lok Sabha (lower parliament house) for Indian fiscal year 2023/2024 (April 1-March 31). In its Finance Bill, 2023 (No. 02/2023-Customs), the Finance Ministry announced changes in customs and central excise duty rates for various commodities, including pecans.
This biannual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in tree nuts.
Japan has a well-developed food retail market that demands high-quality, high-value agricultural and food products. Despite reduced economic activity during the COVID-19 pandemic, trade data show that agricultural imports have remained resilient.
In the last decade, tree nut shipments from the United States to the EU-28 have doubled, reaching a record $2.98 billion in 2015, of which $1.8 billion were almonds.
In MY2015/16 an increase in walnut exports was expected, but mid-April rainfall turned these expected volumes downward as they could not be achieved.
Depending on the location of orchards and regions, tree nut production was affected by the poor weather conditions, such as less rainfall compared to normal and previous-year values...
The final amendment on standards and labeling for irradiated foods was published in the Official Gazette of India.
At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.
Ukraine is forecast to produce around 100,000 metric tons (MT) of walnuts in marketing year (MY) 2016/17 sliding below MY 2015/16 production levels due to weather conditions.