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Rice export prices increased 5-6 percent mainly due to the strengthening of the Thai baht and new inquires.

On January 11, 2022, the Ministry of Commerce (MOFCOM) of the People’s Republic of China (PRC) announced it will conduct an Expiry Review on the antidumping (AD) and countervailing duty (CVD) measures imposed on U.S.-origin distiller’s dried grains with or without solubles (DDGS).

The southwest monsoon concluded on October 25, 2021, while the northeast monsoon set in on the same date. Rainfall during the northeast monsoon, also referred to as the post-monsoon season (October-December), was 44 percent higher (178 mm) than the normal fifty-year average.

On January 11, 2021, the Indian Ministry of Commerce and Industry announced that India and the United States agreed to a framework that will implement market access for agricultural products from both countries.

Export prices of most grades of rice decreased one percent as the Thai baht weakens.

On November 24, 2021, the Indian government approved the extension of the additional free food grains scheme through March 31, 2022. With this extension, an additional 16 million metric tons (MMT) of grains will be released from government stocks.

The Mexican Ministry of Health is proposing changes to the existing NOM-187 published in 2003. The purpose of the amendment is to establish the classification, ingredients, and specifications that products derived from corn and wheat need to meet.

On January 7, 2022, the Turkish Government published Biosafety Decisions on the import of genetically engineered (GE) soybean and corn events. The Ministry of Agriculture and Forestry (MinAF) approved one new soybean event and one new corn event for feed and cancelled the approvals of two corn events which expired on 12/24/2021.

Export prices of most grades of rice increased one percent due mainly to the strengthening of the Thai baht.

On December 31, 2021, Turkey announced a revised tariff list for a number of products. According to a Presidential Decree published in the Official Gazette, the import tariffs on wheat, corn, rye, barley, oats, chickpeas, and lentils, has been eliminated through December 31, 2022.

Given the pace of imports during the first six months of 2021/22, the wheat import forecast is reduced from 2.5 to 2 million tons. With harvest complete and better than expected yields, the 2021/22 rice production estimate is increased from 8.2 to a record 8.9 million tons.

In 2016, the Colombian government permitted production and distribution of hemp for medical and scientific purposes. Despite optimal growing conditions and considerable foreign investment, Colombia’s hemp industry still struggles to compete globally due to market oversaturation, overregulation, and climate challenges.