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Post forecasts that MY2023/24 rice production will reach a five-year record of 20.4 million metric tons due to abundant water supplies and attractive farm-gate prices.
Rice export prices decreased 1 percent as new supplies of MY2022/23 off-season rice continued entering the market.
Post forecasts that consumption and imports of corn, wheat and rice in Malaysia will slightly increase in Marketing Year (MY) 2023/24, in line with population growth and normalization of the market.
Rice export prices increased 1 percent.
Rice export prices declined 1-2 percent due to the weakening of the Thai baht.
On February 2, 2023, the Ministry of Agriculture and Rural Affairs (MARA) published a notice on the "Guidelines for Applications for New Plant-Extracted Feed Additives" along with revisions on approved additives. This report provides an unofficial translation of the MARA notice.
Rice export prices declined 2-5 percent due mainly to the weakening of the Thai baht.
This report outlines the Philippine government requirements for the importation of rice, including significant developments since 2022, when the government generally stopped approving issuances of the Sanitary-Phytosanitary Import Clearance (SPSIC) import permit.
Rice export prices declined 2-5 percent as new supplies of MY2022/23 off-season rice entered the market.
Rice export prices dropped 1-2 percent due to the weakening of the Thai baht and new supplies of MY2022/23 off-season rice.
New Zealand grain and feed import volumes in 2022 rose to the highest level ever, importing 3.7 million metric tons (MMT), up 13 percent from the previous year. National grain and feed demand continues to outstrip domestic supply by nearly double, with New Zealand producing 2.1 MMT in 2022, but consuming an estimated 5.8 MMT.
FAS Rangoon forecasts Burma’s corn production lower due to rising production costs, unstable security conditions in some production areas, and unfavorable weather especially in Shan State.