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On November 15, 2021, Statistics Korea (KOSTAT) released a revised 2021 rice production estimate of 3.882 million metric tons (MMT), up an additional 1.6 percentage points from the initial rice production estimate in early September and up 10.7 percent from the previous year.
Post forecasts higher Burma’s rice export in November in anticipation of active demand from China and EU countries during harvest of the new crop.
Rice export prices of most grades of rice increased 1-2 percent.
In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.
Very high temperatures starting in May and low precipitation did not have a negative effect on wheat and barley production in Serbia, while corn yield will be reduced by at least 20 percent.
Post forecasts MY2021/22 rice production to increase to 21 million metric tons despite flooding. Posts expects Thai rice exports to increase to 5.8 million metric tons in 2021.
Rice export prices of most grades of rice decreased 1-2 percent following domestic rice prices.
Post's marketing year 2021/2022 rice harvested area and production forecast is 11.42 million hectares and 35.5 million metric tons, respectively, on reduced Aus rice production. The Government of Bangladesh reduced the rice total tax incidence...
FY2021 agricultural exports reach record levels.
Damage to port facilities in New Orleans during Hurricane Ida caused significant delays to shipments of U.S. feed grains to Costa Rica, where the poultry, pork, and dairy sectors rely almost exclusively on U.S. suppliers.
The 2021 growing season was one of the hottest and driest on record in the Canadian Prairies.
Saudi Arabia’s barley imports for the first six months of MY2021/22 (July – Dec. 2021) is estimated at 2.8 million metric tons (MMT), a reduction of 30 percent compared to the same period last year.