Browse Data and Analysis

UAE’s overall economic recovery will boost consumption and imports of grain and feed in MY 2022/23. The Ukraine conflict and other factors contributing to high commodity prices and food security may put downward pressure on UAE consumption in MY 2021/22.

Morocco is facing low wheat production in marketing year 2022/23 due to drought. The Ministry of Agriculture forecasts total wheat and barley production at 3.2 million metric tons, about 62 percent down from the previous year’s crop (10.2 million metric tons).

The FAS/Seoul June 2022 Grain and Feed update covers changes to the Korean rice situation since the March 2022 Grain and Feed Annual report. MY 2022/23 rice production will likely decline slightly (1.4 percent) from the previous estimate due to government efforts to avoid overproduction, while consumption and imports are projected to remain unchanged from FAS/Seoul’s initial forecast.

Rice export prices decreased 3-5 percent due to the weakening of the Thai baht.

For MY2022/23, initially good crop prospects after the abundant rains in April were negated by above average temperatures registered in May and June. In-country grain demand remains relatively stable, driven by the recovery of the tourism sector, despite the somewhat lower livestock products exports and the grain prices hike.

Wheat production for marketing year (MY) 2022/23 is forecast slightly lower than the USDA official forecast based on updated industry and Mexican government data that reflect adverse weather conditions.

Executive Order #171, Series of 2022, modifies market access for MFN tariffs on corn and rice through December 31, 2021, necessitating changes to Post’s corn and wheat balance sheets but not rice.

Post forecasts Burmese rice exports lower in June due to reduced supplies in the domestic market and higher domestic prices. The Burmese government continues making changes to its trade and foreign exchange rate policies that are impeding trade.

Zimbabwe’s corn crop for marketing year (MY) 2022/23 is estimated at 1.6 million metric tons (MMT), representing a drop of 43 percent from the bumper crop of 2.7 MMT produced in MY 2021/22. Many factors contributed to the drop in production including sub-optimal weather conditions, high input costs and macro-economic challenges.

After more than 100 days of the Russian-Ukrainian war, wheat prices have surged almost 60 percent globally, hitting their highest levels in 14 years. Egypt, similar to the rest of the world, has been affected by the impacts of this war, especially since 82 percent of its wheat imports over the last five years originated in Russia and Ukraine.

On June 15, Kazakhstan extended wheat and wheat flour export restrictions until September 30. The restrictions were originally approved on April 14 under the Ministry of Agriculture's decree “Regarding export of certain goods from the territory of the Republic of Kazakhstan” and set to expire on June 15, 2022.

On June 8, 2022, China’s National Crop Variety Registration Committee (NCVRC) published “National Registration Standards for Genetically Engineered Soybean Varieties (Trial)” and “National Registration Standards for Genetically Engineered Corn...