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On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
Rice consumption continues to decline due to a shrinking population and reductions in per capita consumption.
Corn production in 2019/20 is up 20 million tons from July’s projection to 250 million tons, as area harvested and yield are adjusted higher.
Egypt wheat production is still forecast at 8.77 MMT in MY 2019/20, up from 8.45 MMT in MY 2018/19 due to expansion of total area harvested.
Japan’s Ministry of Agriculture, Forestry, and Fisheries (MAFF) confirmed Japan’s first outbreak of Spodoptera frugiperda, or Fall Armyworm (FAW).
While a dry spell caused marginal damage on rice and corn production in MY2019/20, the impact of fall armyworm infestation adversely affected corn production to a greater extent.
Venezuela offers growing opportunities for U.S. agricultural exports, despite strong competition and other challenges.
Government grain support policies will continue to expand, but resource constraints will hinder future Chinese grain production.
Post forecasts Brazil's 2013/14 corn production at a record 76 million metric tons, while exports drop. Modest growth expected in area planted to wheat and rice.
A look at U.S. exports to South Korea in the year since since the United States-Korea Free Trade Agreement entered into force.
U.S. grains have seen mixed results in the Colombian market following enactment of the U.S.-Colombia Trade Promotion Agreement.