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For marketing year (MY) 2025/26, Post forecasts a slight increase in cotton imports due to increasing demand in the ready-made garments industry.
For marketing year (MY) 2025/26, Post forecasts lower rice imports than in MY 2024/25, assuming higher production based on favorable weather. Demand for wheat continues to increase and Post forecasts slightly higher imports for MY 2025/26 to align with demand.
As part of efforts to attract visitors to the region, the Hong Kong Special Administrative Region (HKSAR) government released the “Development Blueprint for Hong Kong’s Tourism Industry 2.0,” a five-year plan to enhance competitiveness in the tourism industry.
The installation of Bangladesh’s Interim Government in August 2024, has led to a renewed focus on macroeconomic stability, which will enable increased exports to the market as restrictions on Letters of Credit ease as foreign currency reserves stabilize.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Data Show Mixed Results for U.S. Agricultural Exports to Hong Kong in 2024....