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Heavy rainfall in late summer led Post to increase Marketing Year (MY) 2023/24 corn production upwards by 4.2 percent. Post estimates corn feed and residual use at 223 Million Metric Ton (MMT) due to decreasing feed demand and low corn prices.
The Government of Morocco continues to support the import of 2.5 million MT of common wheat based on a fixed flat-rate premium. This measure is valid from January 1st, 2024, until April 30th, 2024, and it intended to maintain low bread prices in the...
El Niño conditions for Australia remain present, but this has been pushed aside in late spring and early summer after the eastern states received above-average rainfalls. This situation has prompted a rise in the sorghum production forecast for MY 2023/24 to 1.8 million metric tons (MMT), and the rice production forecast remains strong at 522,000 metric tons (MT) with the support of ample irrigation water.
Jordan’s MY 2023/24 wheat imports are forecasted to reach 1.25 million MT -- with Ukraine, Romania, and Russia dominating wheat imports in the first seven months of calendar year 2023.
Extreme weather conditions across the EU reduced grain production projections in MY 2023/24, although production is still anticipated to exceed MY 2022/23 levels. EU grain export expectations have deteriorated based on third country competition in...
South Africa’s sorghum imports are expected to be elevated over the next two marketing years on lower production coupled with lower stocks as production continues to decline. Sorghum production in South Africa dropped over the past two decades as...
FAS/Sofia’s marketing year (MY) 2023/24 corn production estimate is lowered to 2.5 million metric tons (MMT) based on the harvest progress to date. The corn crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.
Pursuant to General Administration of Customs of the People’s Republic of China (GACC) Department of Animal and Plant Quarantine (DAPQ) requirements, popcorn exporters are required to register exporting facilities prior to product shipment.
On October 27, 2023, India’s Ministry of Agriculture and Farmers Welfare (MOAFW) released Indian crop year (ICY) 2023/2024 (July-June) First Advance Estimate for the kharif (fall harvested) crop.
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.
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.