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Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.
Rice export prices dropped 1-3 percent from the previous week as the weakening of the Thai baht and the new crop MY 2024/25 paddy rice entered the market.
Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains.
Rice export prices dropped one percent from the previous week despite the strengthening of the Thai baht.
Cambodian rice farmers shifted production in 2023/24 toward short-term dry-season rice and used more inputs, resulting in higher production. Rice exports are revised higher with strong demand from neighboring countries and expansion to new export markets.
Jordan continues to rely heavily on imports for essential staples such as wheat, barley, corn, and rice due to limited domestic production and scarce water resources.
Market share of U.S. corn in South Korea is expected to remain strong in MY 2024/25 after rebounding to 20 percent in MY 2023/24. Domestic rice production continues its slow decline as the government incentivizes farmers to switch to planting alternate crops.
On September 25, 2024, India’s Ministry of Agriculture and Farmers Welfare (MoAFW) released final production estimates of major crops for Indian crop year (ICY) 2023/2024 (July-June). MoAFW estimated grain production at a record 332.3 million metric tons (MMT) due to record production of rice and wheat.
Rice export prices dropped 1-5 percent from the previous week due to the weakening of the Thai baht and India’s removal of all export restrictions on non-Basmati white rice and on parboiled rice.
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.