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In marketing year (MY) 2024/25, Turkiye’s wheat, barley, and corn production is forecast to contract year-over-year due to drier-than-normal weather conditions during the growing season.
Post’s marketing year (MY) 2024/25 production estimate for all grains is 13 percent lower than its MY2023/24 estimate. With MY2024/25 beginning stocks at minimum levels, Post’s export estimates are 26 percent lower than its estimates for the previous MY.
FAS/Tokyo projects Japan’s forage demand to continue to be sluggish in MY2024/25 due to the slow recovery of cattle inventories. Even weaker demand for imported forage is anticipated as farmers shift to price-competitive domestic forage.
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.
The Government of Morocco continues to subsidize bread wheat imports based on a fixed flat-rate premium.
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 outlook for Mexican grain production in marketing year (MY) 2024/2025 is lower for corn, wheat, and sorghum.