Browse Data and Analysis

In marketing year (MY) 2023/24, Colombia's corn and rice production are forecast to marginally increase driven by higher domestic prices and expected normalized weather conditions. However, high production costs continue to be a challenge for Colombian producers.

Post forecasts that MY2023/24 rice production will reach a five-year record of 20.4 million metric tons due to abundant water supplies and attractive farm-gate prices.

Rice export prices decreased 1 percent as new supplies of MY2022/23 off-season rice continued entering the market.

In 2022, the Government of Ecuador continued to support floor prices for local production of corn, rice, and wheat as well as began subsidizing the price of fertilizers for small producers.

Post forecasts that consumption and imports of corn, wheat and rice in Malaysia will slightly increase in Marketing Year (MY) 2023/24, in line with population growth and normalization of the market.

Rice export prices increased 1 percent.

Rice export prices declined 1-2 percent due to the weakening of the Thai baht.

Rice export prices declined 2-5 percent due mainly to the weakening of the Thai baht.

This report outlines the Philippine government requirements for the importation of rice, including significant developments since 2022, when the government generally stopped approving issuances of the Sanitary-Phytosanitary Import Clearance (SPSIC) import permit.

Rice export prices declined 2-5 percent as new supplies of MY2022/23 off-season rice entered the market.

India’s upcoming rabi (winter sown, spring harvested) crop acreages has been boosted to record levels on adequate 2022 monsoon rains in October and generally favorable weather conditions.

Rice export prices dropped 1-2 percent due to the weakening of the Thai baht and new supplies of MY2022/23 off-season rice.