Browse Data and Analysis

FAS New Delhi's (Post) market year (MY) 2023/2024 wheat production forecast is raised to a record 110 million metric tons (MMT) on reported higher-than-earlier expected yields despite some weather incidences.

Starting on May 1, Turkey’s import duties on wheat, barley, corn, and other grains will go from zero to 130 percent.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

Rice import for MY 2023/24 is forecast to increase by 4 percent as flooding curbs domestic production and increases imports.

Spring planting in Bosnia and Herzegovina (BiH), which usually takes place in April, is expected to be less costly this year as diesel and fertilizer prices decreased slightly since last year. Corn in marketing year (MY) 2023/2024 is expected to be planted on 202,000 hectares (HA) with anticipated production of 900,000 metric tons (MT).

After a record setting winter crop in marketing year (MY) 2022/23, Australia is expected to produce a more subdued, but still strong grain crop in MY 2023/24.

Post estimates Argentine wheat production to rebound to 19.5 million metric tons (MMT) in marketing year (MY) 2023/24, resulting in wheat exports of 13.7 MMT (including wheat flour as its wheat equivalent).

Posts projects Paraguay’s wheat production for marketing year (MY) 2023/2024 to increase to 1.25 million metric tons (MMT), with exports rising to 410,000 MT.

In MY 2023/24, EU’s grain production is anticipated to reach 285 MMT, up from the 267 MMT registered the previous season, when a severe drought pushed yields down. Favorable initial crop development conditions are reported across the EU, although spring rains in the EU’s southwest will be critical to replenish soil moisture and allow for yields to bounce back to average levels.

FAS Astana estimates wheat production at 16.4 million metric tons (MMT) in marketing year (MY) 2022/2023, which is the largest production volume since MY 2017/2018. FAS Astana forecasts no significant change to wheat and barley planted area for MY 2023/2024.

Wheat consumption in Haiti in marketing year (MY) 2023/24 (July 2023/June 2024) is forecast at 405,000 metric tons (MT), stable compared to the previous marketing period.

FAS Rangoon (Post) forecasts Burma’s rice exports, corn exports, and wheat import smaller in MY 2023/24. Exporters and importers continue to face a lot of uncertainties with the continuing changing policies on export/import procedures and foreign currency controls.