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- (-) November 2022
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The Philippines is a regional biotechnology leader and the first country in the world to approve Golden Rice for commercial propagation. The Bt Eggplant biosafety permit was signed on October 17, 2022, allowing commercial propagation. Planting of Golden Rice has started since its approval in 2021, while Bt corn acceptance has grown with more than 600,000 hectares planted in 2021.
The Kingdom of Saudi Arabia’s (KSA) regulations allow the importation of biotech plant products, but they are required to be labeled if they contain more than one percent genetically engineered (GE) plant ingredients. As a result, many retail packed food importers do not import biotech foods due to concerns that biotech labeling could jeopardize their product image. However, Saudi Arabia imports large quantities of biotech U.S. corn, soybeans, and their products.
FY2022 agricultural exports reach record levels.
Saudi Arabia’s barley imports for the first six months of MY 2022/23 (July – Dec. 2022) are estimated at 2.6 million metric tons (MMT), an increase of six percent compared to the same period last year. Post’s current projection for total barley imports for MY 2022/23 is 4.5 MMT, which is a decrease of four percent compared to the USDA official estimate of 4.7 MMT. Unless the price of barley drastically decreases, Post anticipates demand will remain low throughout MY 2022/23.
On October 18, 2022, The Government of the Philippines marked Bt eggplant as its third genetically engineered crop approved for commercial propagation, following Bt corn and Golden Rice.
Prospects for U.S. brewing ingredients remain strong amidst a robust local beer manufacturing industry. Beer is the most widely consumed alcoholic beverage in the Philippines, accounting for 72 percent of total alcohol consumption or 2.1 billion liters annually. Export prospects in the region are especially strong because of the country’s membership in various free trade agreements and its strategic location.
Saudi Arabia was a 24th largest market ($1.34 million) for U.S. food and agricultural products last year. A return to pre-Covid living and working conditions are invigorating U.S. agricultural exports to the Kingdom in 2022. U.S. Customs data for January – August 2022 shows an 11 percent increase in U.S. agricultural exports to Saudi Arabia compared to the same period in 2021.