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FAS Bangkok forecasts an increase in Thailand's rice and corn production in MY 2024/25 due to acreage expansion and average yield improvement.
On December 17, 2024, the Dominican Republic issued Decree 693-24, to limit rice imports into the country. The Decree establishes a quota of 23,300 metric tons (MT) for U.S. rice, subject to a 0 percent ad valorem tariff.
The Korean government revised its marketing year (MY) 2024/25 rice production estimate down to reflect a 2-percent yield reduction from extreme heat, untimely rains, and pest damage.
The wheat-growing regions of the Prairie Provinces experienced improved soil moisture conditions going into the winter months and during the first three months of winter.
Argentina will cut export taxes on major agricultural commodities, effective January 27, 2025, on key crops including soybeans, corn, and wheat.
Wheat production in marketing year (MY) 2024/25 is estimated at 18.1 tons, higher on a larger area. Exports remain unchanged, with Brazil expected to be quite active.
Post maintains Algeria's cereal planted area and production forecast and estimates. For the coming 2025/26 crop season, satellite images highlight dryness concerns similar to the conditions experienced in recent years.
The Government of Morocco continues to subsidize bread wheat imports based on a fixed flat-rate premium.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is lower for corn, wheat, and sorghum.
Post’s corn crop estimate for South Africa for marketing year 2024/25 has been marginally lowered due to a reduced expected planting area.
On December 23, 2024, the Taiwan Ministry of Agriculture (MOA) announced the “Comprehensive Upgrade Plan for the Grains Industry”. MOA’s plan calls for raising the guided purchase price for rice (the mid-tier purchase price) by NT$1.5/kg and increase its procurement volume.
In MY 2024/25, the PRC’s grain output is estimated to reach a record 706.5 million metric tons (MMT), a 1.6 percent increase driven by expanded acreage and higher yields.