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On August 1, 2023, Taiwan’s Council of Agriculture (COA) was transformed into the Ministry of Agriculture (MOA). MOA’s total workforce plans to increase from about 4,770 to 5,300 staff, and the administrative budget is expected to rise by TWD 8.3 billion (USD $260 million) to a total annual budget of TWD 158.9 billion (USD $5 billion).
Post maintains its estimate of Algeria’s wheat plated area at just over 2 million hectares for the entire country. For the MY 2024/25, Post projects production for wheat and barley to remain in line with the current MY of 2.7 million MT of wheat and 1.02 million MT of barley.
In response to wheat prices that have surged in recent months and to build stocks, the Government of Morocco introduced a support program for the import of 2.5 million MT of common wheat.
Taiwan's HRI industry has fully bounced back with 2022 revenue surpassing pre-pandemic records. The market has a westernized palate with a high per capita GDP of US$33,004, showing that consumers are not only willing but also more than capable of trying foreign cuisines.
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over the past year to a record $656 million due to expansions in online shopping platforms.
In 2022, Taiwan imported US$ 279.1 million of coffee, an increase of 35.2 percent. It has one of the highest densities of coffee shops in the world.