Browse Data and Analysis

On November 1, 2021, the Government of Morocco suspended customs duties on durum wheat, common wheat, and its derivatives (1001.99.00.19 and 1001.99.00.90) until further notice.

This report provides updates to the Korea Rice Production 2021 report issued by FAS/Seoul on November 22, 2021, based on new data released by the Korean Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2021.

Export rice prices increased 2-5 percent from the previous week.

Wheat production in marketing year (MY) 2021/2022 is estimated at a record 21.8 million tons, 1.3 million tons higher than the official USDA number. In consequence, exports are increased to 15.2 million tons (including flour in its wheat equivalent).

Post forecasts higher Burmese rice exports in January in anticipation of regular demand from China through official channels, increased broken rice demand from EU countries, and continued demand from the Philippines.

South Africa had an excellent start to the 2021/22 MY, with carry-over soil moisture and widespread rains that led corn producers to start plantings two to four weeks earlier than usual. Excessive rainfall during December to early January caused damage to planted crops in some areas that could impact crop size, although the extent will only become clear over the next few months.

Australia is set for a second consecutive record grain crop following two years of drought. For the winter crops, wheat production is estimated to have reached another record in marketing year (MY) 2021/22 and barley production is expected to be the third largest in history, just slightly behind the previous year.

Canada’s wheat marketing year 2021/22 was defined by drought, fires, atmospheric rivers, and the resilience of Canada’s rail transportation sector. Canadian wheat export volumes are down 37 percent (August to November 2021) from the previous year, though wheat exports by value are 95 percent of the value earned the previous year, due to strong global prices.

Rice export prices increased 5-6 percent mainly due to the strengthening of the Thai baht and new inquires.

On January 11, 2022, the Ministry of Commerce (MOFCOM) of the People’s Republic of China (PRC) announced it will conduct an Expiry Review on the antidumping (AD) and countervailing duty (CVD) measures imposed on U.S.-origin distiller’s dried grains with or without solubles (DDGS).

The southwest monsoon concluded on October 25, 2021, while the northeast monsoon set in on the same date. Rainfall during the northeast monsoon, also referred to as the post-monsoon season (October-December), was 44 percent higher (178 mm) than the normal fifty-year average.

On January 11, 2021, the Indian Ministry of Commerce and Industry announced that India and the United States agreed to a framework that will implement market access for agricultural products from both countries.