Browse Data and Analysis

Thai export rice prices experienced downward pressure and then slightly recovered after Songkran holidays, reflecting tariff changes and adjustments in the global rice market.

A large portion of Australia’s winter cropping area is well-positioned, heading into the forecast year. In New South Wales, Queensland, and Western Australia, early seasonal conditions are favorable, indicating potential for strong wheat and barley production.

MY 2025/26 sugar production is expected to further increase 2 percent from MY 2024/25. MY 2024/25 sugar demand by industrial uses is likely to decline significantly due to the Chinese ban on Thai sugar syrup exports.

Vietnam’s livestock and aquaculture sectors expanded in Calendar Year (CY) 2024 on steady economic growth and lower feed prices. Feed importers have increased purchases and diversified suppliers.

Australia’s sugar production is forecast to decline to 3.8 million metric tons (MMT) in marketing year (MY) 2025/26, down from an estimated 3.85 MMT in MY 2024/25, marking the lowest level of production in over a decade.

FAS Bangkok forecasts stability, with modest growth expected in rice and corn production, supported by favorable weather and strong domestic demand.

Cotton imports are forecast to grow by six percent to 7.6 million bales in marketing year (MY) 2025/26 based on expected growth in the textile and yarn sector.

MY 2025/26 soybean crushing demand to grow at a slower pace of two percent due to slow economic recovery with uncertainties from the U.S. reciprocal tariff measures.

On March 31, 2025, the Government of Vietnam (GVN) issued Decree 73/2025/ND-CP, reducing the Most-Favored-Nation (MFN) import tariff rates on corn, soybean meal, ethanol, frozen chicken drumsticks, in-shell pistachios, almonds, fresh apples, cherries, and raisins. The decree takes effect immediately.

The Vietnamese food processing industry grew by 7.4 percent in 2024 to $79.3 billion and food ingredient demand is expected to remain strong.

Vietnam’s soybean crushers are expanding capacity with new production lines coming online in the 2024/25 and 2025/26 marketing years.

Australian oilseed production, dominated by canola, is expected to be strong for the fifth consecutive season during the marketing year (MY) 2025/26.