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On June 14, 2023, India’s Ministry of Finance issued Public Notice No. 39/2023 - Customs that reduces the import duty on refined sunflower and soybean oils.

India’s food retail sector will continue its upward trajectory following a decade of market evolution and sustained growth. The increased purchasing power of Indian households, growing awareness and access to gourmet products, and consumer awareness toward international cuisines and food products have acted as primary growth catalysts in the sector.

On June 8, 2023, the Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) invited World Trade Organization (WTO) members to provide comments on draft amendments to the Food Safety and Standards (Alcoholic Beverages) Amendment Regulations 2023.

India’s average ethanol blending rate with petroleum for calendar year 2023 is estimated at 11.5 percent. The National Biofuels Policy of India, amended in May 2022, strengthens efforts to increase domestic ethanol output from sugarcane and multi-feed stocks by expediting pace toward blending goals.

Seafood is an important staple in Ghanaian cuisine as it accounts for 60 percent of animal protein intake with an estimated per capita consumption rate of 26 kg. U.S. seafood sales to Ghana recently experienced a boost in sales, however, sustained seafood exports from the U.S. are at risk due to the Government of Ghana’s (GOG) recent announcement to increase the tax 1,573 percent per metric ton on frozen seafood.

On June 7, 2022, the Indian government announced the Minimum Support Prices (MSP) for all kharif (summer sown, autumn harvested) crops for Indian crop year (ICY) 2023/2024.

The impacts of climate change are beginning to manifest on the entire globe and particularly on developing countries like Ghana. The country is vulnerable to rising sea levels, droughts, increasing temperatures and erratic rainfall which adversely impacts infrastructure, hydropower production, food security and coastal and agricultural livelihoods.

On May 22, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) notified on its website Direction REG-11027/3/2022-Regulation-FSSAI. The FSSAI direction informs that the draft Food Safety and Standards (Food for Infant Nutrition) Regulations (2022) are being re-operationalized.