The Asian Development Bank (ADB) has approved a US$500mn policy-based loan to the Government of the Philippines to expand economic opportunities in agriculture while ensuring near- to long-term food security for the population
Agriculture
FAO and SEED launch SDG Agrifood Accelerator Programme

The 12 SMEs who joined the programme have been pioneering solutions designed to transform agrifood systems. (Image source: Adobe Stock)
The Food and Agriculture Organisation of the United Nations (FAO) and the SEED partnership officially launched the SDG Agrifood Accelerator Programme, an instrument designed to help agrifood system start-ups develop their businesses while contributing to the UNs Sustainable Development Goals (SDGs)
New FDA rule on antibiotic use in livestock

Starting 11 June 2023, animal owners will be required to have a veterinary prescription to purchase antibiotic. (Image source: Adobe Stock)
The US Food and Drug Administration (FDA) released Guidance for Industry #263, which requires drug manufacturers to change labels on antibiotics for all animals to require a veterinary prescription
Agricultural trade between China and Vietnam receives boost

These changes will focus on official export and building raw material areas to ensure products meet standards for domestic consumption and export. (Image source: Adobe Stock)
The Ministry of Agriculture and Rural Development (MARD) has implemented regulations 248 and 249 on the registration of import-export enterprises to China and food safety management through online forums and face-to-face conferences
High demand for areca palm brings potential oversupply crisis

The widespread areca palm cultivation could lead to an oversupply crisis. (Image source: Adobe Stock)
Amid reports of substantial acquisitions of young areca palm by Chinese traders, Nguyễn Như Cường, head of the Department of Crop Production under the Ministry of Agriculture and Rural Development, has cautioned farmers on over-cultivating areca palm at the detriment of other crops