Market Flash

On December 20th, the South Korean Ministry of Food and Drug Safety (MFDS) issued guidelines outlining the detection methods and limits for tritium in food.

• MFDS
• tritium

 On December 20, 2023, the Japanese Ministry of Health, Labour, and Welfare issued Health and Sanitation Notice No. 1220, which outlines important revisions concerning maximum residue limits (MRLs) for several pesticides in food.

• Cyphenothrin
• Dimethomorph
• Fenamiphos
• Fluxapyroxad
• Prothioconazole

In November, Japan's chemical exports fell 6.5% year-on-year to 938.1 billion yen, dragging down overall exports. As China's demand for Japan continues to be weak, Japan's overall exports fell for the first time in three months.

• Janpan chemical market

DMK Pharmaceuticals Corporation (Nasdaq: DMK) has recently regained complete commercialization rights for ZIMHI® (naloxone), a product aimed at treating opioid overdose and substance use disorders.

• DMK Pharmaceuticals Corporation

Ionis Pharmaceuticals and AstraZeneca have received approval from the U.S. Food and Drug Administration (FDA) for their revolutionary drug,

• Ionis Pharmaceuticals
• AstraZeneca

Evonik's coating additives business line announced the completion of the expansion of matting powder production capacity in Taiwan, China.

• Evonik

On December 21, the Customs Tariff Commission of The State Council issued an announcement, in accordance with the "Cross-Straits Economic Cooperation Framework Agreement", decided to suspend the "Cross-Straits Economic Cooperation Framework

• china chemical policy

Recent attacks by Iranian-backed Houthi militants in Yemen have disrupted international commerce along the vital shipping route between Europe and Asia, causing concerns for companies heavily reliant on this passage.

• Iranian-backed Houthi militants

Sumitomo Chemical recently unveiled its latest insecticide, Kaiso Max, in Brazil, as disclosed to AgroPages.

• Sumitomo chemical

Less than a week after LVMH invested in Chinese makeup brand blank me, on December 20, Hi!papa announced the completion of L Catterton’s investment. The investment amount has not yet been disclosed. It is understood that this is also LVMH’s first investme

• LVMH

In a ground-shaking move, the European Union (EU) has given the green light for the market entry of apple fruit cell culture biomass as a novel food.

• Biomass
• Apple

In a significant development, the Australia New Zealand Food Standards Agency (FSANZ) has announced the approval of thermolysin, an enzyme derived from Anoxybacillus caldiproteolyticus Rokko, as a processing aid.

• Thermolysin
• Bacterial Protease

In a groundbreaking move, the European Union (EU) has recently authorized the use of Red Quebracho Extract as a feed additive for all animals.

• Red Quebracho Extract

In the ever-evolving landscape of the pharmaceutical industry, several key players have emerged as potential contenders for the prestigious trillion-dollar club.

• trillion-dollar club

Illumina, established in 1998, has long been regarded as a dominant player in the global genomics sequencing field. However, recent years have seen its market position in China, for example, being challenged.

• Illumina

The U.S. Food and Drug Administration (FDA) recently announced a proposed revision to food additive regulations through Document No. 2023-27857 on December 19, 2023.

• Food and Drug Administration
• (FDA)

The biopharmaceutical industry is a rapidly evolving sector driven by advancements in science and technology.

• biopharmaceutical industry

The Australian Pesticide and Veterinary Medicine Authority (APVMA) has released its proposed decision to review Chlorpyrifos, an insecticide used for pest control in a variety of agricultural, horticultural, commercial and veterinary Settings.

• APVMA
• Chlorpyrifos
• technical

Recently, the National Agricultural Technology Center held a Chamber of commerce on the occurrence trend of major crop pests and diseases in 2024 in Hangzhou, Zhejiang, to summarize and exchange the characteristics of major crop diseases and pests

• agrochemical
• pests
• crop
• diseases

The recent suspension of navigation in the Red Sea and security threats have had a direct impact on global supply chains and trade.

• Red Sea