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Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Hong Kong Kicks Off Sizzling Summer Retail Promotions; Beijing Moves To Offer 5-year Travel Permits To Non-Chinese Hong Kong Permanent Residents...
Hong Kong classifies ground meat as prohibited meat under its food legislation. Importers are required to secure a permit from Hong Kong authorities to allow the entry of U.S. meat shipments prior to arrival at Hong Kong’s port.
In 2023, the Hong Kong economy grew 3.2 percent year-on-year, slower than the government’s economic forecast. The economy has not fully returned to pre-pandemic levels due to weak domestic consumption and lagging challenges in the import and export trade.
In 2023, Hong Kong was the tenth export market for U.S. pet food. Pet owners in Hong Kong value U.S. pet food for its high safety and quality and have confidence in U.S. origin and branding.
Brazil consumes over 12 million tons of wheat and wheat-based products per year, which is more than the country's national production of roughly 9.5 million tons.
Post revises down its Marketing Year (MY) 2023/24 production estimates to 150 million metric tons (MMT) due to (i) the recent floods in Brazil’s southernmost state of Rio Grande do Sul and (ii) lower yields across several states.