Browse Data and Analysis

Brazil has recently started planting its corn crop for the 2023/24 season. However, due to high production costs and lower expected earnings, profit margins are under pressure. As a result, Post predicts a decrease in planted area, with production for the next season estimated to drop from 135 MMT (MY 2022/23) to 130 MMT (MY 2023/24).

Rice production in Korea is forecast to be gradually down in marketing year (MY) 2023/24 on reduced acreage in response to government incentives encouraging farmers to switch to other grains, such as wheat and soybean.

Export rice prices dropped 1-3 percent despite the strengthening of the Thai baht as the new crop MY2023/24 paddy rice entered the market.

Pursuant to General Administration of Customs of the People’s Republic of China (GACC) Decree 177 of 2016, all overseas production, processing and storage enterprises are required to register with GACC prior to exporting “grains” including soybeans, corn, wheat, barley, sorghum, and oats – including edible grains.

Wheat and barley crops have had a great start to the season, with high soil moisture reserves and good rains in the fall. But rainfall has been well below average from July to September 2023.

FAS Ottawa forecasts total wheat production to be 31.1 million metric tons (MT), down ten percent year-over-year (y/y) on lower yields due to widespread drought across the prairie provinces.

In September, Vietnam's rice export prices declined by 6 percent compared to the previous month with an average export price of USD 617 per ton.

Argentine wheat production in marketing year (MY) 2023/24 is expected to drop to 14.5 million tons, 2 million tons below USDA’s official volume due to a dry environment in a vast area of the country.

The General Food Security Authority (GFSA), an agency of the Saudi Ministry of Environment, Water and Agriculture (MEWA), purchased approximately 1.2 million metric tons (MMT) of locally produced wheat in MY2022/23.

Export rice prices dropped 1-6 percent as lower domestic farm-gate prices offset the strengthening of the Thai baht.

On October 20, 2023, Jordan notified the World Trade Organization (WTO) of a new Sanitary and Phytosanitary (SPS) measure on poultry meat imports (G/SPS/N/JOR/44).

Foreign Agricultural Service's Phnom Penh (Post) forecasts an increase of exports of Cambodian rice in Trade Year (TY) 2023/24 due to recovery from high logistics costs and resumed relationships with export markets after the European Union’s lift of...