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On July 4, 2018, the Government of India (GOI) approved a significant increase in the minimum support prices (MSPs) for the kharif (fall harvested) crops for the 2018/19 season.
The Minister of Agriculture of China has declared that China will work to reopen the market for German poultry.
On July 6, 2018, the People’s Republic of China’s Ministry of Commerce (MOFCOM) enacted additional tariffs on select U.S. products as previously announced.
Since 2014, domestic crawfish consumption has increased 68 percent to 1.1 million tons.
Overall grain production is expected to fall in MY2018/19 due to weather-stress and a flurry of domestic support and trade policy developments.
FAS India forecasts MY 2018/19 cotton production at 28.7 million 480 lb. bales on 11.85 million hectares.
China remains one of the most dynamic retail markets in the world and offers great opportunities for U.S. food exporters.
On July 2, 2018, the Ministry of Commerce and Industry issued a notification extending the quantitative restrictions (QRs) on imports of peas by another three months until September 30, 2018.
During the week of June 24, 2018, China lifted its long standing ban on imports of beef from both France and the United Kingdom.
Thirst for imported beer intensifies in South China…Upcoming opportunities for U.S. exporters to meet with South China ingredient importers…ATO Guangzhou participated in trade shows for U.S. woods....
Due to extreme weather this spring in the stone fruit producing regions, both peach and nectarine production and cherry production are forecast down for MY 18/19 from MY 17/18 production levels.
Organized retail continues consolidation with larger players expanding through acquisition. Domestic and international retailers are building stronger cash and carry wholesale businesses.