Regulatory policy

EU deforestation policy drives up prices, data from Japan backs GMOs, APAC leaders fail to end food export bans, and more.

More hikes looming: EU stance on deforestation set to drive up food prices – policy experts

The EU’s recent approval of its controversial deforestation regulation is expected to push up the cost of palm oil and other affected products, and thus food and drink prices, amid continued inflationary pressures which have already affected a majority of countries in the world.

The European Union parliament voted and approved its long-debated deforestation regulations on September 13, 2022, turning a deaf ear to the strong opposition expressed by several countries, in particular commodity-producing countries such as l palm oil that would be hardest hit by the new regulation.

Opponents say the move is nothing more than a “protectionist political tool”.

Genetically Modified Foods in Japan: New Data ‘Further Backs’ Case for Genetically Modified Ingredients – Government Study

The Japanese government found no evidence that crops of genetically modified (GM) food ingredients pose a risk to surrounding biodiversity in its latest nationwide study, which appears to further support the case for a wider place of GM foods in the local food supply.

Japan has been conducting studies on GM food crops, including soybeans and rapeseed, since 2006, and the latest 2020/2021 report concluded that growing these GM crops poses no risk to local biodiversity.

“We surveyed sites growing GM crops and collected samples of those crops to compare them with non-GM crops of the same species growing within five kilometers of the sites. [in order to] investigate whether crossbreeding of genetic material has taken place,”said the Japanese Ministry of Agriculture, Forestry and Fisheries (MAFF) via an official statement.

Free trade fails: APAC leaders refuse to prevent food export bans amid Russia-Ukraine crisis

APAC ministers responsible for food security failed to reach an agreement barring countries from imposing food export bans, as the region continues to grapple with economic and supply uncertainties stemming from the Russian-Ukrainian war.

Unauthorized food export bans were at the heart of discussions at the latest Asia-Pacific Economic Cooperation (APEC) Ministers’ Conference on Food Security, chaired by Thailand’s Minister of Agriculture and Cooperatives. , Dr. Chalermchai Sri-on.

Although no fingers were pointed at specific markets at the meeting, in recent months there has been a rise in tensions in the region, with major food suppliers implementing bans on unauthorized export by the region, such as Malaysia’s recent ban on chicken exports, which caused an outcry in Singapore. for a while; and India’s ban on wheat exports that caused waves amid global shortages due to the Russian-Ukrainian conflict.

Scramble for self-sufficiency: South Korea turns to rice flour as wheat hit by inflation and supply chain challenges

South Korea has announced new plans to use rice flour as a substitute for wheat flour wherever possible to combat rising inflation and supply chain challenges.

Unrest in Russia and Ukraine has sparked growing global concerns over wheat shortages – as together the two markets account for around a quarter of the world’s wheat supply – and this has been further exacerbated by export bans implemented in some major wheat producing markets such as India. .

While many countries have had no choice but to seek other sources of wheat or succumb to higher prices, South Korea is considering a more innovative way to bridge this gap while bolstering its supply. in wheat – turning to rice flour as a substitute. .

Healthy Food Trends 2023: Clean Label and Critical Positive Nutrition Claims for Consumers​

Consumers in the Asia-Pacific region will continue to be strongly attracted to products with a clean label and positive nutrition claims heading into the new year, with food and beverage brands also poised to boost growth. innovation to meet these demands.

The health and wellness trend has steadily increased in the food and beverage industry over the past few years, and has accelerated further since the COVID-19 pandemic in 2020.

As we approach 2023, industry experts are confident that this trend will continue to drive consumer purchasing decisions, with a particular focus on clean label and positive nutrition claims that are attracting great interest, especially especially in large markets.

“A recent survey showed that nearly 60% of Asian consumers place great importance on Clean Label products, saying it has quite a big influence on their buying decisions,”Nicole Jansen, Team Leader for Innova Markets, Insights and Innovation, said at the recent Fi Asia-Vitafoods event in Bangkok, Thailand.