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On September 26, 2023, U.S. Ambassador Sung Y. Kim participated in the opening of one of the largest tempeh exporting factories in the world located in Bogor, Indonesia. This new factory, belonging to Tempe Azaki, will increase the company’s current...
President Jokowi stated his support for the utilization of genetically engineered (GE) crops (i.e., soybeans) in his September 2022 speech. To date, ten GE events have been allowed for cultivation in Indonesia (i.e., one GE sugarcane, one GE potato...
MY 2023/24 coffee production is lowered 3.8 million bags to 27.5 million bags due to unfavorable weather conditions as a result of climate change and El Nino climate patterns.
Indonesia’s lower Robusta coffee production is expected to cut coffee bean exports by 35 percent to 5 million bags in 2023/24, which has already caused a surge in imports in the first half of the marketing year.
Vietnam is a growing market for beef and beef products, with demand driven by numerous factors including a growing population, economic growth, widening integration with global economies through free trade agreements, rising income per capita, and expanding modern retail and food service channels.
The El Nino climate pattern is expected to reduce Indonesia's 2022/23 rice and corn production. Post estimates Indonesia's 2022/23 corn production to decline to 12.3 million metric tons (MMT) compared to the previous estimate of 12.9 MMT.
This report provides updated information about the adoption of agricultural biotechnology in Vietnam. In the first six months of 2023, Vietnam approved six outstanding biotech corn hybrids for cultivation after the country suspended its appraisal process since 2017.
In September, Vietnam's rice export prices declined by 6 percent compared to the previous month with an average export price of USD 617 per ton.
In the first half of 2023, the Vietnam livestock and aquaculture industry faced numerous challenges which reduced feed demand including escalating input costs, African Swine Fever (ASF), market price volatility, weak demand, and intense competition from imported products.
This report provides the latest update regarding developments in Vietnam’s Hotel, Restaurant, and Institutional (HRI) food service sector and provides a road map for exporters wishing to enter the market.
On, September 26, 2023, the Government of Indonesia (GOI) announced it will authorize the importation of an additional 2 million metric tons (MMT) of rice to offset rice production shortfalls and bring down rice prices. BULOG, a state-owned logistics company, reported its 2022/23 ending stocks risk falling below food security levels.
In August, Vietnam's rice export prices surged by 22 percent compared to the previous month, reaching an average of USD 654 per ton.