Archive for the ‘Agricultural Trade’ Category

In a significant move to bolster their trade relations, the Philippines and Vietnam have signed a Memorandum of Understanding (MOU) on Rice Trade Cooperation. This agreement, among several others, was forged on Tuesday, Jan. 30, during bilateral discussions between the two nations.   The MOU on Rice Trade Cooperation establishes a framework for rice cooperation […]

Agricultural Trade, News

January 29, 2024

The Federation of Free Farmers (FFF) anticipates higher rice imports this year, despite elevated global rice prices. According to Raul Montemayor, the FFF’s national manager, rice imports are likely to rise due to insufficient domestic production to meet the growing demand driven by population growth.   Montemayor pointed out that while the Philippines reported a […]

Vietnamese businesses are encouraged to explore the promising potential of seafood exports to Switzerland, a key trade official has emphasized.   Nguyen Duc Thuong, the Commercial Counsellor at Vietnam Trade Office in Switzerland, highlighted the significant opportunity for Vietnamese seafood exporters in Switzerland, a landlocked country heavily reliant on seafood imports. Vietnam currently stands as […]

Agricultural Trade, News, Philippines

January 23, 2024

  In a potential shake-up of global banana export rankings, preliminary findings from the United Nations’ Food and Agriculture Organization (FAO) indicate that Guatemala may have overtaken the Philippines in 2023. The Philippines, holding the second position for six consecutive years, faces a possible dip in its standing.   According to early data from the […]

Agricultural Trade, Europe, News

January 15, 2024

In a recent development, agricultural ministers from Bulgaria, Poland, Hungary, Romania, and Slovakia, representing the European Union’s eastern states, have jointly requested the EU to consider imposing import duties on Ukraine’s grains. Citing concerns over unfair competition, the ministers, including Hungary’s Farm Minister Istvan Nagy, underscored the impact of cheaper Ukrainian agricultural products on their […]

Agricultural Trade, News, Vietnam

January 14, 2024

In a remarkable achievement, Vietnam’s rice exports have reached unprecedented levels, surging to 8.13 million tons and valued at US$4.7 billion in 2023, according to the General Department of Customs. This outstanding performance not only signifies a substantial 14.4% increase in volume but also reflects a remarkable 35.3% rise in value compared to the previous […]

Agricultural Trade, China, News

January 12, 2024

China’s domestic citrus production is on an upward trajectory, fueled by favorable weather conditions and successful replanting efforts that have addressed previous challenges such as citrus greening disease. According to a recent USDA report, the country’s citrus sector is poised for continued growth in the 2023/24 period (12 months to October 31, 2024).   The […]

Agricultural Trade, News, Ukrain

January 10, 2024

In a notable surge, the Port of Constanta in Romania achieved record grain exports in 2023, reaching 36 million tonnes, marking a remarkable 50% increase compared to the previous year, according to the port authority. The Black Sea-based port experienced this substantial growth, with Ukrainian shipments playing a significant role, contributing nearly 40% to the […]

In a recent development, the Department of Trade and Industry (DTI) has issued a reminder to local exporters of dairy products, urging them to familiarize themselves with Australia’s updated regulations to ensure compliance and sustained market access. According to the advisory, Australia revised its import regulations for dairy in November of the previous year. Notably, […]

Agricultural Trade, China, News, Vietnam

January 8, 2024

In a promising development for Vietnamese agriculture, the Department of Agriculture is actively working towards expanding the export of agricultural products, particularly fruits and vegetables, to the Chinese market. Several protocols have been signed between Vietnam and China, paving the way for increased official exports of various produce.   At the close of 2023, Vietnam […]

Agricultural Trade, News, South Korea

January 7, 2024

In a remarkable achievement, South Korea’s exports of the beloved Korean instant noodles, known as ramyeon, soared to an unprecedented high, hitting nearly $1 billion (1.31 trillion won) in 2023, as per government data and industry sources.   The Korea Customs Service reported a substantial annual increase, with ramyeon exports reaching $952 million last year, […]

Agricultural Trade, News, United States

November 17, 2023

In a significant commitment to global trade facilitation, the United States Department of Agriculture (USDA) has entered into a five-year agreement with the Standards and Trade Development Facility (STDF), pledging financial support from 2023 to 2028. This partnership reflects the USDA’s dedication to aiding developing countries in meeting international food safety, animal health, and plant […]