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This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains.
Rice export prices increased 1-2 percent due to the strengthening of the Thai baht and the demand for white rice from Indonesia.
Rice export prices remain unchanged as the downward price pressure from the new supplies of white rice offsets the strengthening of the Thai baht.
Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.
Rice export prices further decreased 1-2 percent due to the weakening of the Thai baht.
Rice export prices decreased 1-3 percent mainly due to further weakening of the Thai baht.
Rice export prices decreased 1-3 percent as the Thai baht weakened.
MY2023/24 rice and corn production forecasts remain unchanged. MY2023/24 wheat imports are revised up to 3.0 MMT.
In January 2024, Nigeria approved the commercial release of four TELA maize varieties, which have been genetically engineered for improved insect-resistance and drought-tolerance. In addition to South Africa, Nigeria has become the second country in...
On January 12, 2024, the People’s Republic of China (PRC) Ministry of Agriculture and Rural Affairs (MARA) announced its approval of one new feed variety, three new varieties of feed additives, and the addition of five feed additives and five feed...
Rice export prices decreased one percent despite the strengthening of the Thai baht.
Argentine wheat production for marketing year (MY) 2023/2024 is estimated at 15.4 million tons, 400,000 tons higher than USDA official as yields were higher in the final phase than earlier expected. Corn production for MY 2023/2024 is projected at 57...