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FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 in response to improvement in average yield due to higher water supplies, compared to MY 2023/24.
Export prices rose 1-3 percent from the previous week as the Thai baht strengthened and exporters continued to secure the rice supplies to fulfill contract shipments.
Import permits for genetically engineered (GE) corn from the United States are once again issued by South Africa. After a mid-summer drought that caused a 22 percent drop in production, South Africa needs to import corn to supplement domestic production.
Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.
Rice export prices dropped 1-3 percent from the previous week as the weakening of the Thai baht and the new crop MY 2024/25 paddy rice entered the market.
Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
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 dropped one percent from the previous week despite the strengthening of the Thai baht.
Cambodian rice farmers shifted production in 2023/24 toward short-term dry-season rice and used more inputs, resulting in higher production. Rice exports are revised higher with strong demand from neighboring countries and expansion to new export markets.
Jordan continues to rely heavily on imports for essential staples such as wheat, barley, corn, and rice due to limited domestic production and scarce water resources.
Market share of U.S. corn in South Korea is expected to remain strong in MY 2024/25 after rebounding to 20 percent in MY 2023/24. Domestic rice production continues its slow decline as the government incentivizes farmers to switch to planting alternate crops.
According to preliminary model-based field crop estimates, spring wheat production in MY 2024/2025 fell one percent over the previous year on a 2.9 percent decline in area planted, partly offset by improved average yields.