Browse Data and Analysis

Heat stress resulting from an unprecedented spike in temperatures beginning in the mid-March 2022 has had a marked impact India’s wheat crop. Yields are 10-15 percent down, driving India’s forecasted market year (MY) 2022/23 (April-March) wheat production down from 110 million metric tons (MMT) to 99 MMT.

While the UK exited the shadow of Brexit and COVID-19 in marketing year (MY)2021/22 and put the 40-year low wheat crop of MY2020/21 behind it, the developments in Ukraine over the past few months have brought new uncertainties to the market.

On Friday, May 13, 2022, the Indian government announced a ban on wheat exports, effective immediately, citing the sudden spike in global wheat prices and the resulting food security risks to India.

Angola’s wheat milling capacity has increased to achieve self-sufficiency with five wheat mills now operating in the country, with milling capacity of up to 1 million metric tons of wheat per year.

Post forecasts that South Africa’s wheat imports for the 2018/19 MY will decline marginally to 1.8 million tons, on an expected increase in local production.

Peruvian wheat production is all consumed domestically. Wheat imports in MY 2018/19 are forecast at 2.06 MMT.

Wheat and barley crops have developed well after a slow start. Post forecasts MY 2018/19 wheat and barley production at 1.2 MMT and 475,000 MT, respectively, with imports at 1.85 MMT and 675,000 MT.

Wheat consumption in the Dominican Republic (DR) during Marketing Year (MY) 2018/2019 (July 2018/ June 2019) is forecast at 410,000 metric tons (MT), with imports remaining strong at 540,000 MT.

Chile’s wheat planted area for the past ten years has stabilized showing small variations in response to prices and farmers’ short-term expectations.

Pakistan continues to make significant progress towards implementing a full-fledged biotechnology and seed regulatory structure that is expected to facilitate the introduction of new seed....

High prices for Japanese table rice led to Japan’s full utilization of the simultaneous buy and sell quota (100,000 MT), and are expected to lead to continued opportunities in the coming year.

Morocco, a U.S. Free Trade Agreement partner, has been an occasionally good yet price-sensitive market for U.S. food processing ingredients.