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Feed demand in marketing year (MY) 2024/25 is expected to recover slightly, with a projected total volume of 286.5 million metric tons (MMT). Corn is expected to dominate feed composition due to low prices, replacing wheat and old stock rice.
The Government of Morocco has released its final wheat and barley production numbers for the 2024 crop, including 1.77 MMT of common wheat, 0.70 MMT of durum wheat, and 0.65 MMT of barley, about 43 percent down from the previous year’s crop.
Morocco is facing low wheat production in marketing year 2024/25 due to drought. The Ministry of Agriculture forecasts total wheat and barley production at 3.12 million metric tons, about 43 percent down from the previous year’s crop. In response to low production and rising wheat prices globally, the government of Morocco continues to support bread wheat imports based on a fixed flat-rate payment through June 30, 2024.
Higher feed demand from broiler, aquaculture, and ruminants will push total feed use slightly higher in MY2024/25 with greater corn inclusion into feed rations than previous years. MY2024/25 corn production is forecast larger than MY2023/24 with larger yields.
The 2024 crop season in Morocco is progressing under difficult conditions. Dry and hot weather during January and February has driven production to record lows, especially in the southern parts of Morocco. Post forecasts MY2024/25 production at 1.55 MMT for common wheat, 0.75 MMT for durum wheat, and 0.65 MMT for barley.
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...
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.
Post forecasts China's MY2023/24 grain feed and residual use to increase slightly and corn production also slightly higher due to a larger planted area and improved yields.
In response to wheat prices that have surged in recent months and to build stocks, the Government of Morocco introduced a support program for the import of 2.5 million MT of common wheat.
Post forecasts that, despite recent heavy rainfall in major producing provinces that has impacted quality, total wheat production in the People’s Republic of China (PRC) will be comparable in quantity to the previous year due to higher area planted and harvest completion in June.
The Government of Morocco has released its first wheat and barley production estimates for the 2023 crop, including 2.98 MMT of common wheat, 1.18 MMT of durum wheat, and 1.35 MMT of barley.