Browse Data and Analysis

The FAS Seoul June 2021 Grain and Feed update covers changes to the Korean rice situation since the March 2021 Grain and Feed Annual report.

Export prices of all grades of rice decreased 4-5 percent.

Post lowers its corn production forecast for market year (MY) 2020/21 (March 2021 – February 2022) to 94 million metric tons (MMT), a reduction of 11 MMT from Post’s April projection.

Marketing Year (MY)2021/22 wheat production is forecast at 26.0 million metric tons (MMT), three percent higher than last year’s wheat production of 25.2 MMT.

While COVID-19 and African Swine Fever continue to constrain Philippine feed demand, corn and rice posted strong production in the third quarter of MY20/21 and are both set for record high output.

Burma’s rice exports in June are forecast lower due to the continued closure of several check points along the Burma-China border and lower demand from EU countries.

Export prices of white and parboiled rice decreased slightly despite the appreciation of the Thai baht against the U.S. dollar due to a lack of new inquiries.

Post forecasts MY 2021/22 production, demand, and trade for rice, corn, and wheat.

Export prices for all grades of rice decreased around one percent from the previous week due to a lack of new inquiries.

Taiwan has experienced a serious water shortage since late 2020 and, to conserve water, has stopped irrigating 74,000 hectares of first crop rice in 2021, representing 24 percent of total planted area.

The Iraqi Ministry of Agriculture recently released its 2021 plans for total planted area of summer crops – corn and rice – following approval by the Ministry of Water Resources.

Export prices for all grades of rice decreased from the previous week as trade activities slowed and the Thai baht appreciated against the U.S. dollar.