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Rice export prices further dropped 1-2 percent despite the strengthening of the Thai baht.

Reflecting recently released government of Pakistan official data, the 2024/25 wheat production estimate is increased to a record 31.4 million tons.

U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year (June – May), after dipping to the lowest volume in more than 50 years in 2023/24.

Rice export prices further dropped one percent due to the weakening of the Thai baht.

Following a year of exceptional drought conditions in marketing year (MY) 2023/2024, the outlook for Mexican grain production in MY 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on producer expectations for a gradual recovery to average precipitation levels.

Zimbabwe’s production of its staple crop, corn, is expected to drop by almost 60 percent in marketing year 2024/25 due to extreme drought conditions associated with the El Niño weather phenomenon.

Rice export prices dropped one percent due to the weakening of the Thai baht.

Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....

This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains.

Bulgaria has enjoyed favorable weather so far in MY 2024/25 that has supported the positive development of both winter and spring grains. Currently, FAS/Sofia estimates the MY 2024/25 wheat crop at 6.9 million metric tons (MMT), slightly above last year's crop.

On June 4, a Costa Rican court restored the Chaves administration's policy of dramatically lower tariffs on imported milled and rough rice, overturning an earlier court ruling that reversed the lower tariffs in April 2024.

Rice export prices increased one percent due to the strengthening of the Thai baht.