Browse Data and Analysis

With Brazil continuing to produce record corn crops, Post forecasts corn production for MY 2023/24 at 131 MMT, up 1.6 percent from the current season. However, falling profit margins and ongoing infrastructure and logistics hurdles may impact the next harvest’s outcome.

The wheat planting area for MY2023/24 is estimated at 725,000 HA, some 17 percent higher than previous marketing year. Overall production is estimated to be 3.6 MMT, which represents a 12.5 increase compared to MY2022/23.

Based on the Government of Pakistan’s (GOP) first official assessment, the 2023/24 wheat production forecast is increased to a record 28.0 million tons.

The Government of Morocco has released its first wheat and barley production estimates for the 2023 crop, including 2.98 MMT of common wheat, 1.18 MMT of durum wheat, and 1.35 MMT of barley.

Good conditions at planting and during the early growth phase for wheat and barley production have prevailed for marketing year (MY) 2023/24. However, after a record setting winter crop in MY 2022/23, Australia is expected to produce a strong but more subdued grain crop in MY 2023/24.

According to information published by the United Nations Joint Coordination Centre, as of June 20, 2023, approximately one-quarter of all grain and oilseed volumes shipped under the Black Sea Grain Initiative (BSGI) were destined for the People’s Republic of China (PRC); making it the single largest recipient of food and feed commodities.

Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are revised upward, while wheat production is forecast lower at 3.4 million metric tons.

This report contains revised production and export forecasts for MY2023/24 by Post

Chile is the second-largest South American market for U.S. agricultural products. Solid political institutions and a stable macroeconomic environment, combined with high consumer purchasing power, make Chile a lucrative market for U.S. producers of wheat, cheese, pet food, alcoholic beverages, and other consumer-oriented products.

Several Spain grain supply chain actors have released their first estimates for grain production for MY 2023/24 and concur with the poor crop prospects.

Japan’s current renewable energy policy focuses on generating power from solar, wind, and geothermal sources. Imports of wood pellets have been increasing for thermal power generation.

Two New Departments to Be Created at the Ministry of Agriculture… President Putin Ordered Government to Draft Science Program for Development of Agriculture till 2025…