Browse Data and Analysis

FAS Manila forecasts lower milled rice production in Marketing Year (MY) 2024/25 compared to MY 2023/24 due to a series of weather disturbances. FAS Manila forecasts an increase in imports in MY 2024/25 to address reduced domestic production and increasing consumption attributed to population growth.

On November 4, 2024, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of 58 seed production and operational licenses, including 13 genetically engineered (GE) corn seed production and operational licenses.

On October 28, 2024, the State Administration for Market Regulation (SAMR) published a revised “National Standard for Seed of Food Crops – Part 1: Cereals”, which will come into effect on October 1, 2025.

Indonesia’s 2024/25 wheat imports are forecast to decline 8 percent from 2023/24, when higher demand from feed mills, consumption of wheat flour-based food from major events in early 2024, and demand for cheaper alternatives to rice drove wheat imports up to new record highs.

FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 in response to improvement in average yield due to higher water supplies, compared to MY 2023/24.