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The General Food Security Authority (GFSA), an agency of the Saudi Ministry of Environment, Water and Agriculture (MEWA), purchased approximately 1.2 million metric tons (MMT) of locally produced wheat in MY2022/23.
Export rice prices dropped 1-6 percent as lower domestic farm-gate prices offset the strengthening of the Thai baht.
Foreign Agricultural Service's Phnom Penh (Post) forecasts an increase of exports of Cambodian rice in Trade Year (TY) 2023/24 due to recovery from high logistics costs and resumed relationships with export markets after the European Union’s lift of...
Export rice prices increased 1-2 percent due mainly to the strengthening of the Thai baht.
FAS (Post) revises Venezuela corn and rice production higher for market year (MY) 2023/2024 due to improved access to higher-quality agricultural inputs and seeds, and favorable weather conditions.
Owing to improved weather conditions, Turkey’s grain production in marketing year (MY) 2023/24 is forecast to reach a record 36.0 million metric tons (MMT).
Thailand’s export rice prices fell another 1-2 percent due mainly to the weakening of the Thai baht.
In the first half of 2023, the Vietnam livestock and aquaculture industry faced numerous challenges which reduced feed demand including escalating input costs, African Swine Fever (ASF), market price volatility, weak demand, and intense competition from imported products.
On, September 26, 2023, the Government of Indonesia (GOI) announced it will authorize the importation of an additional 2 million metric tons (MMT) of rice to offset rice production shortfalls and bring down rice prices. BULOG, a state-owned logistics company, reported its 2022/23 ending stocks risk falling below food security levels.
Thailand’s export prices fell 1-2 percent, mainly due to further weakening of the Thai baht.
Post forecasts China's MY2023/24 grain feed and residual use to increase slightly and corn production also slightly higher due to a larger planted area and improved yields.
In August, Vietnam's rice export prices surged by 22 percent compared to the previous month, reaching an average of USD 654 per ton.