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- (-) April 2021
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Export prices for all grades of rice dropped 1-3 percent from the previous week as domestic consumption slowed due to a new COIVD-19 outbreak in Thailand.
Export prices for all grades of rice remain unchanged from the previous week as most businesses were closed during the Thai New Year holiday.
Egypt’s food and beverage manufacturing and processing sector suffered about $2.2 million (about a 10 percent decrease in sales) due to diminished tourism as a result of the COVID-19 pandemic.
The Office of Agriculture Affairs (Post) forecasts refined sugar production in marketing year (MY) 2021/22 to increase by approximately 2.6 percent or 75,000 metric tons (MT) to reach 2.85 million metric tons (MMT).
Rice export prices remain unchanged as trading activities slowed down ahead of the Thai New Year holiday and the Thai baht continues to depreciate against the U.S. dollar.
MY2021/22 sugar production is expected to recover to 10.6 MMT following two consecutive years of dramatically reduced production due to drought.
The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22
Rice export prices further declined 1-3 percent due to declining domestic prices and the continued depreciation of the Thai baht against the U
Marketing year 2019/20 was another record year for U.S.-origin soybean exports to Egypt.
In market year (MY) 2021/22, cotton area harvested is forecast to increase seven percent to 70,000 hectares (ha), from 65,000 ha in MY 2020/21.
The food and beverage industry is among the fast-growing industries in Thailand and is the country’s third largest industry, contributing 21 percent to the country’s Gross Domestic Product (GDP).
The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.