05/16/2022 11:00 AM EDT The Securities and Exchange Commission today announced that it obtained asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and… |
The SEC’s Division of Examinations announced its 2022 examination priorities, including several
significant areas of focus and many perennial risk areas. Read full announcement.
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The following GAIN reports were released on May 13, 2022. _______
Canada: Canada Consults on Guidance for E-commerce Food Labelling ComplianceThe Canadian food regulatory authorities opened public consultations on guidance for e-commerce platforms on how to be compliant with relevant food labeling regulatory provisions. Interested stakeholders have until July 8, 2022, to provide comments on this initiative.
China: Update - US Pet Food is Poised to Expand in the China MarketRanked No.1 in both the facility registration by China’s General Administration of Customs (GACC) and the feed product registration by China’s Ministry of Agriculture and Rural Affairs (MARA), the United States accounts for 20 percent of Chinese imported pet food market share and is poised to expand. The market trends indicate that China’s demand for imported pet food will continue growing. This report provides a market overview, registration and exporting information, relevant trade shows, and links to helpful reports and resources. *UPDATE: Information regarding retaliatory tariffs for U.S. pet food is clarified on page 2.
Colombia: Update on Colombia Sodium Resolution 2013 of 2020 for Processed FoodsOn November 9, 2020, Colombia’s Ministry of Health, and Social Protection (MINHEALTH) issued Resolution 2013, a regulation that sets mandatory maximum sodium content limits for 59 processed food product categories. Resolution 2013 introduces a new conformity certificate requirement and reduction goals for sodium content in foods. This report provides updates to technical parameters of the resolution, which were provided during a MINHEALTH-organized webinar on April 22, 2022.
European Union: European Commission Launches Public Consultation on its Upcoming Proposal on Sustainable Food SystemsOn April 28, 2022, the European Commission launched a public consultation period for an upcoming proposal for a horizontal framework law to make food systems more sustainable. The Commission is seeking views on different possible ideas such as sustainability labeling or sustainability requirements for food imports. Stakeholders have until July 21, 2022, to comment.
Hong Kong: Pet Owners Sniff Around for Premium FoodsIn 2021, Hong Kong was the thirteenth largest market for U.S. pet food exports and a hub for pet food trade to the region. Hong Kong pet owners welcome U.S. pet food for its safety and quality. Despite lower exports in 2021, the United States is still the lead supplier, holding a 29 percent share of the Hong Kong pet food market. This share is expected to continue recovering in 2022 as the local economy is expected to recover in the second half of the year as the pandemic situation improves. While Hong Kong’s global pet food imports slowed in 2021, the value of retained (not re-exported) pet food imports grew, signaling good market potential for U.S. exporters. Steady growth of the pet population will also encourage domestic pet food sales which are expected to reach $844 million by 2026.
India: India Notifies Plant Quarantine Second Amendment Order Specific to the Import of US-origin Sweet CherriesIndia notified its draft Plant Quarantine (Regulation of Import into India) (Second Amendment) Order (2022), to the Sanitary-Phytosanitary (SPS) Committee of the World Trade Organization (WTO) and is inviting comments. The amendment is specific to the import of U.S.-origin cherries and includes additional provisions to facilitate the import of U.S. sweet cherries. The final order, when published, will allow U.S.-origin cherries to be shipped to India under the new protocol. The timeline to comment closes on June 27, 2022.
Japan: Emergency Economic Package to Alleviate Food Price HikesOn April 26, the Japanese Cabinet approved a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the effect of surging energy and food prices on households and small businesses. The Ministry of Agriculture, Forestry and Fisheries will receive 75.1 billion yen ($582 million) to facilitate increased use of domestic grains, wood, and seafood products in favor of imports, diversification of fertilizer input suppliers, and increased feed price support for livestock feeders.
Japan: Tree Nuts Market in JapanThis report details the strong demand for U.S. Tree Nut products, driven by the growing health-oriented trends among Japanese consumers. In 2021, fresh and dried nut imports to Japan totaled $491 million, of which 78.2 percent or approximately $384 million was from the United States. The key market sectors for U.S. Tree Nuts are in bakery and retail, valued at $215.1 million. Almonds and walnuts are almost exclusively supplied by the United States.
South Africa: South Africa Attempts to Control Food and Mouth Disease OutbreaksOn April 11, the Minister of Agriculture, Land Reform and Rural Development announced that the country is battling 56 outbreak cases of the Foot and Mouth Disease (FMD) involving farms and communal areas in the Free State, KwaZulu-Natal, Limpopo, North West and Gauteng. According to the DALRRD Animal Health Directorate, the outbreaks currently troubling South Africa were caused by illegal movements of animals out of the FMD controlled zones in Limpopo. Following the loss of the OIE recognized FMD-free status in January 2019, the Department of Agriculture, Land Reform and Rural Development (DALRRD) negotiated agreements with trading partners on the export of safe commodities, including heat-treated meat and dairy products, deboned and matured beef, scoured wool, salted hides and skins and livestock embryos. Although these agreements allowed for a trade continuation, China and Mozambique have implemented trade restrictions.
Thailand: Rice Price - WeeklyRice export prices increased around 1 percent from the previous week due to strong demand for white and parboiled Thai rice.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. |
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