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Rice export prices increased 1-4 percent due to the strengthening of the Thai baht.

Post forecasts that Burmese rice exports will continue to rise in February in anticipation of regular demand from China through official channels, increased broken rice demand from EU countries, continued demand from regional countries, and a rebound in demand form African countries.

Export prices of most grades of rice declined 2-5 percent despite the strengthening of the Thai baht.

Although the COVID-19 pandemic hurt foodservice channels, beer consumption in the country grew steadily last year. Brazilians shifted from consuming beer away-from-home to at-home during the pandemic months. In addition,

Export prices of white rice increased 1 percent due to the strengthening of the Thai baht.

The prospects for MY2022/23 winter grain crops remain favorable due to the relatively mild winter, sufficient soil moisture reserves, and snow cover. Higher input costs, however, may have a negative impact on the average yields due to expected lower application of inputs.

Saudi Arabia’s barley imports for the first six months of Marketing Year (MY) 2021/22 is estimated at 2.36 million metric tons (MMT), a 41 percent decrease compared to the same period last year.

Post revised down its 2021/22 forecast corn harvest to 113 million metric tons (MMT) on the account of disappointing first-crop corn volumes. Consequently, the corn export forecast is also lowered to 42 MMT.

Rice prices remain unchanged despite the weakening of the Thai baht as most businesses were closed for the Lunar New Year holiday.

Post forecasts a 31-percent increase in Thai rice exports and a 17-percent decline in corn imports.

China’s overall feed production is projected to rise through the end of calendar year 2022.

Post forecasts a slight increase in rice production and prices continue to rise, but the government continues to import rice to make it affordable. Wheat a flour prices are also trending upward.