China Imposes Additional Tariffs on American Fruits, Nuts, Wine, and Pork

China suspended tariff concessions on 128 items of U.S. products including pork and fruits starting Monday [2 April 2018], according to the Ministry of Finance. The Customs Tariff Commission of the State Council has decided to impose a tariff of 15 percent on 120 items of products imported from the United States including fruits and

South Korean Food Exports to China Recover in September Thanks to Ginseng, Ramen, and Beer

South Korea’s food and agricultural exports to China rebounded for the first time in six months in September, thanks to strong sales of gingseng, ramyeon and beer, the government said Wednesday. Outbound shipments of food and agricultural products to China was estimated at $108 million in September, up 1.1 percent from a year earlier, according

Jilin Province, the Heart of China’s Ginseng Industry, Eyes Larger Share of Global Trade

In Fusong county of Jilin, about 35,000 metric tons of fresh ginseng were traded at Changbai Ginseng Market in 2014, Asia’s largest for the root. The volume accounted for 80 percent of the country’s ginseng market. China’s ginseng exports declined 36 percent to 1,207 tons in 2014 while the value increased 14 percent to $137

Traditional Chinese Medicine Industry Suffering from Falling Prices Due to Oversupply

Tumbling prices have left the traditional Chinese medicine industry in poor health. Finding the cure will not be easy. Oversupply, poor planning and increased competition threaten to send the sector into a summer slump. Wholesale prices for pseudo-ginseng, codonopsis and chrysanthemum have all fallen, plunging the industry into what experts describe as a recession. High-quality

China Embracing Peruvian Grapes

A total of 4,010 containers filled with Peruvian grapes entered the Chinese market through different ports, which started in October 2014 and extended to March this year [2015], the Foreign Trade and Tourism Ministry announced. “Thanks to the efforts undertaken by a group of producers, exporters, traders and the fruit promoters, the positive results are