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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.

Based on the Government of Pakistan’s (GOP) first official assessment, the 2023/24 wheat production forecast is increased to a record 28.0 million tons.

This report outlines the Bangladesh government’s required documents to facilitate the importation of U.S. food and agricultural products. Post has not made substantive changes to the report for 2023.

The People’s Republic of China (PRC) is the second largest seed market in the world, behind the United States and annually plants 12 million metric tons (MMT) of seed, with a market value of U.S. $19 billion.

According to information published by the United Nations Joint Coordination Centre, as of June 20, 2023, approximately one-quarter of all grain and oilseed volumes shipped under the Black Sea Grain Initiative (BSGI) were destined for the People’s Republic of China (PRC); making it the single largest recipient of food and feed commodities.

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.

On June 2, 2023, the People’s Republic of China (PRC) notified National Food Safety Standard Milk Powder and Modified Milk Powder to the World Trade Organization (WTO) under G/SPS/N/CHN/1160/Add.1.

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.

This is a biweekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.

The Democratic Socialist Republic of Sri Lanka’s (Sri Lanka) Ministry of Health recently introduced the Food (Color Coding for Sugar Levels - Liquid) Regulations (2022). These new regulations regulate the labeling of the sugar content of liquids effective January 1, 2024, replacing the current Food (Color Coding for Sugar Levels) Regulations (2016).

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.