Browse Data and Analysis

This report is an update to the previous forecast. Notable changes for MY 2015/16 include an increase in Korean wheat production to 36,000 MT and increased wheat consumption to 3.85 million tons.

Overall feed production in Japan continues to be stable, but is gradually trending down and is expected to be below 24 million metric tons in MY2014/15.

FAS/Moscow increased its April 2015’s grain production forecast by 5 million metric tons (MMT) to 97 MMT.

Forecast for marketing year (MY)2015/16 corn, wheat, sorghum, and rice production all hold steady at 23.5 MMT, 3.7 MMT, 7.8 MMT, and 240,000 MT (rough rice production), respectfully.

Despite a sale of 1.1 million metric ton of rice stocks, export prices increased 2-3 percent due to concerns about ongoing drought and small amounts of good quality rice remaining in government stocks

2014/2015 wheat production is estimated at 6.5 million metric tons (mmt), up 18 percent from the previous year due to an 18 percent increase in area based on higher prices at planting.

Total wheat consumption surged in MY 14/15, and is expected to continue growing in MY 15/16 due to the robust economy, growing Philippine population and strong feed demand from the livestock sector.

Export prices increased 2 to 4 percent due to concerns about ongoing drought. The number of rice millers participating in the public tender more than doubled.

The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.

The Government of Pakistan procured 5.0 million metric tons of wheat from the recently concluded harvest, well below the 6.2 million ton target.

Export prices are steady as traders await a new public tender to be issued on July 6.

MY2015/16 rice production is revised down to 18 million metric tons, down 7 percent from MY2014/15 due to ongoing water supplies shortages in irrigated areas.