The government of Vietnam has its eye on increasing food trade across various product categories with China, citing huge population demand for meat as well as ongoing successful fruit and vegetable trade relationships as notable drivers.
The Smart Cube’s senior commodity specialist examines the fluctuating commodity market and how things are shaping up this year, as he warns oil, gold and sugar costs are set to rise.
Japan recently inked several new food trade agreements with the governments of Bangladesh and Canada as it seeks to improve food security in the wake of the ongoing Russia-Ukraine war.
ASEAN consumer confidence in regional trade relations with the European Union have plummeted on the back of the latter’s recently-passed deforestation law and its impacts on various food commodities, as major palm oil producing countries in the region...
South Korea has introduced two major new import policies for food and beverage firms looking to sell in the country – a year-round express customs clearance application system and a new ‘Use By’ date labelling requirement for all food and beverage imports.
Food industry and policy experts have voiced doubts about the practical benefits of Indonesia’s new trade licensing policy, the Neraca Komoditas, which is kicking off this year for five major food commodities.
An expert panel convened at the Asia Pacific Economic Council (APEC) has highlighted the need to help all firms, both large and small, to embrace digitalisation to ensure survival, and also called upon nations to ‘unwind’ on trade restrictions as soon...
The nutraceutical industry has lamented a lack of clarity over a new factory registration rule that the Chinese authorities will be implementing from January 1, 2022.
South Korean food and beverage firms have just had a massive new market open up to them after trade discussions between the government and the European Union (EU) led to all 27 EU countries accepting ‘complex food’ imports from South Korea such as bread,...
The market for organic foods in South Korea is expected to continue seeing steady growth even as the government introduces tighter regulations expected to lead to non-tariff trade barriers, due to widespread consumer demand for such foods.
Experts predict that the incoming United States administration of President-elect Joe Biden will mean positive news for the food and beverage industry in the Asia Pacific region, especially when it comes to food-related investments and repairing trade...
China imported dietary supplements worth US$2bn, up 32.1%, with a new report highlighting edible bird’s nest and seal oil as categories with big growth.
The New Zealand seafood industry is positive that its shellfish trade with China and Hong Kong is on the way back up despite taking a hit in recent weeks due to a slew of toxin warnings.
Tensions between Australia and China have recently been running high over barley tariffs and beef bans, but this nothing new nor solely due to ‘punishing behaviour’ over COVID-19, according to several trade consulting experts.
South Korea has moved to temporarily relax regulatory measures for food imports in view of the global COVID-19 pandemic outbreak, particularly concentrating on documentation and labelling requirements to prevent delays in custom clearance.
The Philippines is developing local reference standards to raise the quality control and monitoring of exported food products, and as such reduce the probability of these being rejected overseas and resulting in forced recalls.
The recent coronavirus outbreak originating from animals in China has seen food and beverage authorities and industries worldwide taking steps to prevent spreading or ‘importing’ the virus into their countries – some more aggressively than others.
China has reduced the tax rates for multiple imported food items in the hope of promoting foreign trade and fulfilling local demand for products that are in short supply.
Fruit companies in Thailand are feeling the heat after China introduced new requirements for durian imports from the country to come with a Good Manufacturing Practice (GMP) certification, claiming that this would both negatively affect export volumes...
Brazil's agri-food industry is feeling optimistic, as it stands to benefit from the escalating trade war between China and the US, by fostering closer ties with China.
The UAE has filed a complaint against Qatar at the World Trade Organisation (WTO), claiming that the latter’s ban against UAE products, including food items, was inconsistent with international laws.
Dubai-based International Halal Accreditation Forum (IHAF) will exchange its knowledge, expertise and develop mechanisms for technical work with two other agencies, in order to promote the global halal trade.
Current trends and innovations for sweets and snacks in the MENA region take over Dubai Trade Centre in what is becoming a growing and significant market for confectioners.
With China having vowed to retaliate against the growing number of sanctions placed on it in by America in an escalating trade war, a number of major US brands with sizeable operations in the Asian giant stand to lose out, including foodservice chains...
Russian meat company Miratorg wants to see its export revenue rise to as much as $100m this year, and a major product push at a Chinese trade show is underway to satisfy this ambition.
India is among the top five beer markets in Asia-Pacific in terms of volume. Four large global players—Heineken, Budweiser, SABMiller and Carlsberg—together control 86% of India’s market and account for eight out of the 10 best-selling beer brands.
The global poultry industry is entering a period of enhanced market conditions as China’s historic production slump brings a welcome buoyancy to a string of poultry exporters.
As the global dairy industry grapples with issues of oversupply and the changing face of product mixes, Asia-Pacific countries will hold massive sway over the direction the market takes over the coming 12 months, according to the US Dairy Export Council.
Beef exporters tipped for success in 2016 include Australia, Brazil, India and the US, according to Rabobank’s global quarterly review on the beef industry.
By Carl Gibson, chief executive of Complementary Medicines Australia
The way consumers and businesses interact is changing. Digital technologies, the “electricity” of the twenty-first century, for example, allow relatively small businesses to operate internationally.
Ten years of drought isn't a good thing. It doesn't help the bottom line of farmers or the health of a river system. It does, however, get a lot of minds focused on how to intelligently manage water.
The United States alone stands to lose over US$8bn in dietary supplement exports to China as a result of the burgeoning market’s onerous regulatory environment.
India’s Associated Chambers of Commerce and Industry (Assocham) has urged agricultural businesses and ministers to translate the country’s soaring production wealth into comparable exports.
The Vietnamese seafood industry is eyeing exports worth $10-10.5bn by 2020, according to a leading trade official, although judging by recent trends, this might be a difficult task.
Rabobank has changed its view on the likely role of China and India in global dairy markets. It has abandoned the view that the countries will reach self-sufficiency soon and now predicts that they will call on the world market more frequently in the...
Globalisation is creating a challenging environment for Australia's
food industry but has also opened up new markets with strong
potential, finds a new report.
Analysts believe that the ban on Vietnamese rice exports is likely
to give Thailand an added edge, helping to increase demand and
prices, while extending its leading position on the world export
market.
