Browse Data and Analysis

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.

The wheat production estimate for MY14/15 is revised downward from the official USDA estimate by 600,000 metric tons to 3.8 million metric tons.

Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.

U.S. corn exports to Colombia hit historic trade levels at 3.6 million metric tons (MT) in Marketing Year (MY) 2014 with a trade value of $861 million.

MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.

Wheat imports are forecast to reach 3.95 million tons in MY14/15 and to slightly over 4 million tons in MY15/16 due to strong demand as a result of shifting diets of the Philippine middle class.

The marketing year (MY) 2015/16 corn production is forecast at 23.4 million metric tons (MMT).