Browse Data and Analysis

Post forecasts 2022/2023 corn production at a record 126 million metric tons (MMT) based on the growing demand and price for corn both in domestic and international market. This is up 8.6 percent on the 2021/2022 production estimated at 116 MMT.

This report contains Post’s production estimates for marketing year (MY) 2022/23, as well as final export numbers for MY2021/22. Production is down sharply as a result of Russia’s invasion of Ukraine and the impact on agriculture. Domestic consumption for all grains (both feed and food) went down as a combination of migration out of the country, decreased disposable incomes, and destroyed animal production facilities in the areas of military activity.

In marketing year 2022/23, wheat production is forecast up more than 50 percent from the previous year on increased acreage and higher yields due to improved soil moisture. Wheat exports are forecast to increase year-over-year on larger domestic supplies. Crop 2022 will be the first sizable crop in four years to compete for rail services with other sectors throughout an entire marketing year. Non-durum and durum wheat are expected to be of high quality, resulting in lower feed-grade wheat supplies.

On September 8, 2021, the Indian government raised its minimum support prices (MSP) for the select rabi (winter-planted) crops, including wheat. FAS New Delhi (Post) forecasts marketing year (MY) 2022/2023 (October-September) rice production at 122 million metric tons (MMT), down six percent compared to last year, due to unseasonal rains in October resulting in water lodging as the rice crop nears harvest.

FAS/Bangkok (Post) revised down MY2022/23 rice production slightly to 19.9 MMT due to flood damage on main-crop rice production. MY2022/23 corn production and imports, as well as wheat imports, remain unchanged from the previous forecast.

FAS Moscow decreased its April 2018 total grain production forecast by 13.8 million metric tons (MMT) to 109.9 MMT based on reports of reduced area and cold and rainy conditions in some regions....

Russian agriculture has been one of the fastest growing segments of the economy in recent years with gross output up 2.4 percent in 2017, as the Russian economy emerged from a two-year recession.

On July 4, 2018, the Government of India (GOI) approved a significant increase in the minimum support prices (MSPs) for the kharif (fall harvested) crops for the 2018/19 season.

Unexpected weather conditions between April and June led to slightly lower wheat and barley production forecasts, while late spring rain helped the corn crop.

For marketing year (MY) 2018/19, feed consumption is forecast to increase slightly, as the domestic pork industry rebounds and growth continues in the aquaculture sector.

Indonesia’s rice imports are expected to reach 2 million tons in 2017/18 due to low stock levels and increased competition from corn plantings.

Dry weather conditions throughout the winter and mild winter and spring temperatures, along with abundant spring precipitation have delayed grain crop development in Spain.