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This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
Export prices of most grades of rice remained unchanged despite the strengthening of the Thai baht.
Post revised Vietnam’s marketing year 2020/2021 (MY20/21) total harvest area down to 7,305 thousand hectares (THA), but production up to 27.38 million metric tons (MMT) (milled rice equivalent) on higher production of the autumn crop.
Mexico’s wheat production forecast for marketing year (MY) 2021/22 is revised upward, based on more complete figures from Mexico's Secretariat of Agriculture and Rural Development (SADER), and reflecting favorable weather conditions that resulted in higher yields than initially expected.
On December 10, 2021, the Government of Kenya announced it would grant exemptions to tariffs on non-genetically-modified (GM) feed ingredients in response to rising feed costs.
Export prices of white rice increased one percent despite the weakening of the Thai baht.
The U.S.-Japan Trade Agreement (USJTA), which entered into force on January 1, 2020, improved market access for U.S. products through the creation of tariff-rate quotas (TRQs) for food wheat, wheat products, malt, processed cheese, whey, glucose and fructose, potato starch, corn starch, and inulin.
The Government of Argentina has announced new limits on corn and wheat exports. These limits are intended to guarantee sufficient supplies of both commodities for domestic users, in part to help reduce inflationary pressure.
Post increases the MY 21/22 estimate for milled rice production to 12.5 million MT on positive first-quarter production data while holding imports unchanged.
Post forecasts higher Burmese rice exports in December. This forecast anticipates active demand from Africa, China, and EU countries during the new crop harvest and the reopening of Burma-China border gates.
Rice export prices remained unchanged from previous week.
On November 8, 2021, the Indian government’s Food Safety and Standards Authority of India published amendments to the Food Safety and Standards (Food Product Standards and Food Additives) Regulations (2011) in the Official Gazette of India (notification No. 1-116/Scientific Committee/Notif.28.4/2010-FSSAI (1) (Pt.F)).