Browse Data and Analysis

On July 20, 2023, the India’s Ministry of Commerce and Industry (MoCI)/Directorate General of Foreign Trade issued Notification No. 20/2023 – Amendment in Export Policy of Non-basmati Rice under Harmonized System (HS) Code 1006.30.90.

Post lowered MY2023/24 rice production estimate to 19.6 MMT due to water supply concerns.

In July, Vietnam's rice exports surged to 656,869 tons, with its primary export markets being the Philippines, Indonesia, Ivory Coast, Ghana, and China. Notably, shipments to the Philippines soared to 239,400 tons, marking a 45% spike from the previous month and securing a 36% share of the export market.

U.S. rough rice exports have plummeted and the decline of Costa Rican rice production has accelerated sharply following the Government of Costa Rica’s August 2022 tariff rate reduction on imported rice from all origins.

Export prices further decreased 3-4 percent as downward price pressure from new supplies of MY2022/23 off-season rice offset the strengthening of the Thai baht.

With the late arrival of monsoon rains in Bangladesh, Post lowers its forecasts of rice harvested area and production in marketing year (MY) 2023/24, on decreased aus and aman season rice cultivation.

Export prices decreased 1-2 percent due to the Thai baht hitting the lowest point in a month.

Export prices further increased 3-6 percent due to the panic buying reaction from the India’s rice export ban.

Export prices increased 4-10 percent due to the strengthening of the Thai baht and the panic buying reaction from the India’s rice export ban.

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

Economic slowdowns in Indonesia’s export destination countries curbed Indonesia’s imports and consumption of wheat.

Improved weather forecasts are expected to lead to recoveries in grain production in Argentina. However, continued dry conditions are projected to limit planting of wheat and rice.