Browse Data and Analysis

In MY 2023/24, the EU is facing a second consecutive short olive oil production crop.

Rice export prices increased 1- 4 percent mainly due to the strengthening of the Thai baht.

The Thai Food and Drug Administration (Thai FDA) has announced on its website the proposal to approve and add more plants or plant parts for use as a raw material for tea infusion products to the existing approved list under the Notification of the Ministry of Public Health No. 426 B.E. 2564 (2021) Re: Tea Infusion.

Rice export prices increased 1-2 percent due to the strong demand for Thai rice and the strengthening of the Thai baht.

On December 13, 2023, Chile and the European Union (EU) signed an updated Free Trade Agreement, or Advanced Framework Agreement as it is currently termed. The new agreement expands market access for Chilean products to the European market and grants expansive protections for 216 geographical indications (GIs), including many commonly used names like feta, gruyere, kölsch, and parmesan.

The combination of drought, water irrigation limitations and abnormally high temperatures during flowering and fruit-setting phases have limited the EU’s citrus production potential in MY 2023/24, which is projected to stay at similar levels as the also short MY 2022/23 crop.

The steady demand for Thai rice from ASEAN countries slightly boosted rice export prices and offset the weakening of the Thai baht.

The EU adopted new rules for the labeling of organic pet food in the single market. Pet food can now be labeled with the EU organic production logo if 95 percent of its agricultural ingredients are organic.

The European Commission will allocate €185.9 million (approximately $203.3 million) in 2024 for the promotion of European Union agri-food products.

The EU's intricate biotechnology policy hinders research and restricts innovative tools for farmers. This results in substantial imports of genetically engineered (GE) feed and limited domestic GE crop production.

Rice export prices increased 2-4 percent as the Thai baht strengthened and new crop rice harvesting was nearly completed.

Extreme weather conditions across the EU reduced grain production projections in MY 2023/24, although production is still anticipated to exceed MY 2022/23 levels. EU grain export expectations have deteriorated based on third country competition in...