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AS/Canberra forecasts Australian stone fruit (cherry and peach/nectarine) fruit production to continue to expand in MY 2019/20, with all of the increase expected to go to exports.
On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
In 2018, Taiwan was the third largest export market for U.S. peaches and nectarines and the fourth largest export market for U.S. cherries.
In 2018, Indonesia’s imports of consumer-oriented agricultural products grew to $5.9 billion, an 8.5 percent increase from the previous year.
Japan’s commercial cherry production in marketing year (MY) 2019/20 is estimated to fall six percent to 15,200 metric tons (MT) on colder temperatures during the flowering stage and reduced acreage.
Almost all raw materials for the Singaporean food processing industry are imported, as local agricultural production is minimal.