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Export and domestic prices of Thai rice increased one percent due to the strengthening of the Thai baht and strong demand for Thai rice.
Since December 2022, rainfall across most of Iraq has been positive, expected to result in favorable yields and increased production for winter crops wheat and barley, with rice expected to rebound this summer for marketing year (MY) 2023/24.
Export and domestic prices of Thai rice increased one percent due to the strengthening of the Thai baht
Milled rice production for MY 2023/24 is projected at 1.2 million metric tons (MMT) an 11 percent increase from MY 2021/22. Post projects milled rice production for MY 2022/23 at 1.1 MMT, a 3 percent increase from MY 2021/22.
FAS New Delhi's (Post) market year (MY) 2023/2024 wheat production forecast is raised to a record 110 million metric tons (MMT) on reported higher-than-earlier expected yields despite some weather incidences.
Export prices of Thai rice increased 1-2 percent due to the strengthening of the Thai baht and the upward pressure on domestic rice prices.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
Rice export prices increased 1-4 percent due to the strengthening of the Thai baht.
Post forecasts that Burmese rice exports will continue to rise in February in anticipation of regular demand from China through official channels, increased broken rice demand from EU countries, continued demand from regional countries, and a rebound in demand form African countries.
Export prices of most grades of rice declined 2-5 percent despite the strengthening of the Thai baht.
Export prices of white rice increased 1 percent due to the strengthening of the Thai baht.
The prospects for MY2022/23 winter grain crops remain favorable due to the relatively mild winter, sufficient soil moisture reserves, and snow cover. Higher input costs, however, may have a negative impact on the average yields due to expected lower application of inputs.