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Rice export prices decreased 1-2 percent due to the weakening of the Thai baht.

While the UK exited the shadow of Brexit and COVID-19 in marketing year (MY)2021/22 and put the 40-year low wheat crop of MY2020/21 behind it, the developments in Ukraine over the past few months have brought new uncertainties to the market.

Post forecast Burmese rice exports lower in May due to slow business activities along with changing trade and exchange rate policies and high domestic prices. Domestic prices for Emata increased in May due to high transportation costs and a smaller domestic supply as exporters fulfilled advanced sale contracts. Domestic prices for Shwe Bo Pawsan remained unchanged.

On Friday, May 13, 2022, the Indian government announced a ban on wheat exports, effective immediately, citing the sudden spike in global wheat prices and the resulting food security risks to India.

Rice export prices increased around 1 percent from the previous week due to strong demand for white and parboiled Thai rice.

Angola’s wheat milling capacity has increased to achieve self-sufficiency with five wheat mills now operating in the country, with milling capacity of up to 1 million metric tons of wheat per year.

Export prices of white rice increased 7-8 percent from the previous week despite a further weakening of the Thai baht.

This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.

Serbia is closely following the impact of the Russian-Ukrainian crisis, especially because 80 percent of Serbia’s grain exports travel to the world via Black Sea ports.

Post forecasts increases in wheat and corn production for the 2022/23 marketing year.

In marketing year (MY) 2022/23, production of grains is forecast to increase 30 percent year-over-year on an increase in area planted to spring wheat, durum, and oats, and on the assumption of improved soil moisture conditions resulting in higher yields. However, dry conditions persist in Alberta and Western Saskatchewan and many farmers are behind in their planting schedule, due to unfavorable planting conditions.

Despite the weakening of the Thai baht to a four-month low, rice export prices increased 1-3 percent as exporters sought rice supplies to fulfill contracted shipments.