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Rice import for MY 2023/24 is forecast to increase by 4 percent as flooding curbs domestic production and increases imports.
The strengthening of the Thai baht and strong export demand pushed export prices of Thai rice slightly higher.
In Japan Fiscal Year 2022, Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) awarded 677,714 metric tons of rice through the Minimum Access import system.
Spring planting in Bosnia and Herzegovina (BiH), which usually takes place in April, is expected to be less costly this year as diesel and fertilizer prices decreased slightly since last year. Corn in marketing year (MY) 2023/2024 is expected to be planted on 202,000 hectares (HA) with anticipated production of 900,000 metric tons (MT).
After a record setting winter crop in marketing year (MY) 2022/23, Australia is expected to produce a more subdued, but still strong grain crop in MY 2023/24.
Post estimates Argentine wheat production to rebound to 19.5 million metric tons (MMT) in marketing year (MY) 2023/24, resulting in wheat exports of 13.7 MMT (including wheat flour as its wheat equivalent).
For the region that includes Senegal, Guinea, Burkina Faso, and Mali, rice area harvested and production for MY2023/24 is forecast up 1.2 and 2 percent year-over-year, respectively.
FAS/Mexico expects slower growth in the vegetable oil and oil meal sectors in marketing year (MY) 2023/24 compared to recent years, given potential declines in consumer purchasing power, a forecast slowdown in Mexico’s economy, and persistent inflation.
Export prices of Thai rice dropped 1-2 percent due to the weakening of the Thai baht and limited trading during the Thai New Year’s holiday.
This report summarizes the activities and outcomes of FAS Bogota's SaborUSA digital marketing initiative (July 2021 – June 2022) and its focus on promoting U.S. popcorn in Colombia.
Posts projects Paraguay’s wheat production for marketing year (MY) 2023/2024 to increase to 1.25 million metric tons (MMT), with exports rising to 410,000 MT.
In MY 2023/24, EU’s grain production is anticipated to reach 285 MMT, up from the 267 MMT registered the previous season, when a severe drought pushed yields down. Favorable initial crop development conditions are reported across the EU, although spring rains in the EU’s southwest will be critical to replenish soil moisture and allow for yields to bounce back to average levels.