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For marketing year (MY) 2025/26, Post forecasts lower rice imports than in MY 2024/25, assuming higher production based on favorable weather. Demand for wheat continues to increase and Post forecasts slightly higher imports for MY 2025/26 to align with demand.
The Ministry of Agriculture has taken unprecedented steps to alleviate the soaring rice prices that have plagued Japan since the summer 2024 rice shortage.
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has taken extraordinary steps to alleviate high rice prices that have continued to increase since the domestic rice shortage in summer 2024.
FAS/Tokyo projects Japan’s forage demand to continue to be sluggish in MY2024/25 due to the slow recovery of cattle inventories. Even weaker demand for imported forage is anticipated as farmers shift to price-competitive domestic forage.
For the marketing year (MY) 2024/25, Post lowers rice harvested area and production to 11.4 million hectares and 36.6 million metric tons (MT), respectively, due to an estimated loss of around 300,000 hectares of aman season rice from two consecutive floods in August and October 2024.
FAS/Tokyo estimates lower wheat and barley production in Marketing Year (MY)2024/25 from the previous year as unfavorable weather conditions and disease outbreak have reduced yields in main production regions.
Throughout summer 2024, Japan has been grappling with a table rice shortage resulting in empty supermarket as demand outpaced production for the last three years causing stocks to deplete to their lowest levels in over 20 years.
On August 5, 2024, former Bangladesh Prime Minister Sheikh Hasina resigned after 15 years in power, following weeks of violent protests. A new Interim Government (IG) was formed on August 8, 2024. The political situation is still evolving. For...
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
On April 4, 2024, the Government of Bangladesh issued a Statutory Regulatory Order (SRO) allowing the bulk import of animal feed ingredients without labels; fixing an issue that was causing tariffs to be applied to shipments of feed ingredients when bulk containers did not have labels in them.
Bangladesh continues to increase rice production, for marketing year (MY) 2024/25, Post forecasts rice production at 37.7 million metric tons (MT). With high international prices and increased production, Post forecasts limited opportunities for Bangladesh to import rice in MY 2024/25.
FAS/Tokyo forecasts an increase in corn imports and consumption in MY2023/24 and MY2024/25 due to softening global prices and the rebound of the layer population following the recovery of Highly Pathogenic Avian Influenza outbreaks.