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Despite its small population at 7.5 million, Hong Kong is the sixth-largest export market for U.S. consumer-oriented agricultural products. Hong Kong has always been an attractive market for innovative U.S. food and beverage products as well as a gateway to the region.
In MY 2021/22, Korea's total citrus production is expected to drop by about 7 percent, with consumption falling by 5 percent.
Healthy eating is the growing trend in Hong Kong embraced by both the government and the general public. In this context, the Hong Kong government is encouraging the trade to use less salt and sugar for foods by introducing a voluntary “Salt/Sugar” label scheme for prepackaged food products.
In September 2021, the Hong Kong government decided not to launch a scheme requiring pre-market safety assessments for biotech events initially proposed in 2013. Hong Kong did not have any policy changes on regulating genetically engineered (GE)...
Hong Kong is the ninth largest importer of baked goods in the world, with imports valued at $870 million. Major import categories included pastries, bread, and cakes. For the first ten months of 2021, Hong Kong imports of baked goods were $721 million, a modest increase of 1.61 percent over the same period in 2020.
In the current marketing year running from July 2021 to June 2022, Korea’s fresh apple production and consumption are projected to rise by 13 percent after several years of gradual decline.
On November 15, 2021, Statistics Korea (KOSTAT) released a revised 2021 rice production estimate of 3.882 million metric tons (MMT), up an additional 1.6 percentage points from the initial rice production estimate in early September and up 10.7 percent from the previous year.
Korea is in the process of revising its existing Living Modified Organism (LMO) Act to cover products of innovative biotechnologies, including genome edited products.
Hong Kong traders complain about ongoing issues with global shipping logistics and resulting disruptions on supply chains.
Effective November 12, 2021, ready-to-eat oysters harvested from Samish Bay in Washington State are once again eligible for export to Hong Kong following a ban imposed on July 2021.
Despite disruptions to the global supply chain and worldwide container shortage, the Hong Kong port maintains normal operations.
FY2021 agricultural exports reach record levels.