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On November 12, 2020, Statistics Korea (KOSTAT) released a revised 2020 rice production estimate of 3.507 million metric tons (MMT), down an additional 3.4 percentage points from the initial...
Rice export prices increased 4-6 percent due to new inquiries and the further strengthening of the Thai baht.
Rice export prices remain unchanged as the continued appreciation of the Thai baht offset the downward price pressure during the harvest period.
Since May, Bangladesh’s grain farmers have had to overcome a cyclone, heavy monsoon rains, and consistent inflow of floodwaters from India.
Nigeria will rely on imports to meet its national requirements for grains (especially, wheat, corn, rice) in MY2020/21.
The Venezuelan economic and political crisis continues to influence all sectors of the economy, including agricultural production and trade.
Thai rice prices are under downward pressure as supplies of MY2020/21 main-crop rice began entering the market.
Rice export prices remain unchanged.
On September 21, 2020, the Government of India raised the minimum support prices (MSP) for the select upcoming rabi (winter-planted) crops, including wheat.
At just over 299 MMT, the total MY2020/21 EU grain crop is nearly 450,000 MT higher than the previous forecast, with a near 2 MMT lowering of corn production more than offset by higher mixed grain...
The MY 2020/21 wheat import forecast remains unchanged at 4 MMT. 2020/21 corn consumption projections are revised up to 12 MMT, consisting of 9.7 MMT for feed purposes and 2.3 MMT for food, seed...