Browse Data and Analysis

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.

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.

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.

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).

Export prices of most grades of rice decreased one percent as the Thai baht weakens.

Export prices of most grades of rice increased one percent due mainly to the strengthening of the Thai baht.

On November 16, 2021, China Animal Agricultural Association (CAAA) proposed group standards for Alfalfa Meal Quality Classification and Timothy Hay Quality Grade. The standards were published for public feedback and will take effect after revision based on feedback received.