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Since the beginning of 2022, Taiwan’s table egg prices continue to set new price records. The egg wholesale market closed at an all-time high price of 80NTD ($2.81USD) per kilogram on March 15. The primary contributors to the recent spike in table egg prices are lower placement of laying hens resulted from high feed prices, culling of birds contaminated by avian influenza, and lower seasonal production cycle.

This report is a voluntary update to GAIN Report TW2020-0014, published February 25, 2020. The report provides a brief introduction to Taiwan’s pesticide residue policy to include maximum residue limit (MRL) import tolerance applications, up-to-date MRL database, frequently used residue testing methods and recent MRL announcement history.

Taiwan's economy is booming with the GDP forecasted to increase 4.42 percent in 2022. In 2021, Taiwan imported $3.93 billion worth of agricultural and food products from the US, making it the 6th largest market for U.S. agricultural products.

Russian invasion of Ukraine is expected to significantly affect Thai agriculture. Agricultural production costs are expected to increase 7-13 percent in livestock production and 10-17 percent in field crops due to the surge in prices of feed-quality grains and fertilizers.

Black Sea regional producers Ukraine and Russia are significant suppliers to India of nitrogen and potassic fertilizers utilized in agricultural production. FAS New Delhi sources indicate that a short supply of potassic fertilizers is unlikely to affect agricultural production prospects in the upcoming crop year in the major food grain belt of northwest India and the Indo Gangetic plains.

Since initiating the hostilities, Vladimir Putin’s Russian Federation’s war of aggression against neighboring Ukraine has led to volatility in different sectors of the global economy. For India and the region, trade is disrupted in the grains, oilseeds, fertilizer, and energy sectors.

As the world’s third largest vegetarian market with an increasing flexitarian population, Taiwan bodes well for the ingredients that address low fat, high fiber, and plant-based protein.