Browse Data and Analysis

On January 17, 2023, the Indian government issued Notification No. 25/2022-23) proposing draft guidelines to streamline the halal certification process for export of meat and meat products from India.

On January 11, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued Notification No. F. No. TIC-B05/5/2022-IMPORTS-FSSAI.

On January 13, 2023, President Ferdinand R. Marcos, Jr. signed Executive Order (EO) 13, series of 2023, extending 5 percent tariffs for mechanically deboned or separated poultry (chicken and turkey) imports through December 31, 2024. The EO was published on January 20, 2023 and takes effect immediately.

On January 13, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued Notification No. F. No. Std/Notifications/35.1/2021 on its public website.

Rice export prices increased slightly due to the strengthening of the Thai baht.

With one of the highest dog and cat ownership rates in Asia, the Philippines presents a growing opportunity for U.S. pet food. As pets became more popular household companions, especially during the pandemic, pet ownership and pet food sales have grown immensely over the past five years.

Australia is set for a third consecutive record grain crop, and strong exports. Wheat production is estimated to have reached a record 37 million metric tons (MMT) in marketing year (MY) 2022/23, while barley is estimated to achieve 13.5 MMT of production, the fourth largest on record.

The Philippine government is currently studying higher ethanol blends in gasoline on a voluntary basis up to 20 percent (beyond the 10 percent mandate).

Corn production in MY2022/23 is revised up slightly based on National Bureau of Statistics data indicating a better harvest in the North China Plain which more than offset smaller yields in the northeast.

Indonesian cotton imports in 2021/22 increased by 11.7 percent to 2.57 million bales due to increased economic activity following relaxed COVID-19 restrictions. However, due to the global economic slowdown leading to lower demand for Indonesian textiles and products, cotton imports in 2022/23 are forecast to slightly decline to 2.50 million bales.

On January 11, 2023, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade (DGFT) issued Public Notice No. 50/2015-20. The notice specifies that India amended its previous tariff-rate quota of 2 million metric tons for crude soybean oil, previously allowable at a zero percent duty through Indian fiscal years (IFY) 2022/23 and 2023/24 (April 1-March 31).

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Hong Kong’s International Wine & Spirits Fair Returns; 2023 Economic Turnaround Predicted for Hong Kong; Hongkongers Optimistic About Household Finances But May Still Cut Back Spending