Browse Data and Analysis

This report outlines the Philippine government requirements for the importation of corn. It also provides points of contact for key Philippine government authorities.

For MY 2023/24, lower area and poor yields are expected to push production levels well below the previous year’s levels.

The U.S.-Japan Trade Agreement, which entered into force on January 1, 2020, improved market access for U.S. products through the creation of tariff-rate quotas (TRQs) for food wheat, wheat products, malt, processed cheese, whey, glucose and fructose, potato starch, corn starch, and inulin.

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.

Export and domestic prices increased 1-6 percent due to the strengthening of the Thai baht and the continuing demand for Thai rice.

The wheat and barley harvest continues toward conclusion in Turkey, with a surprisingly better performance than expected after generous spring rains following a historic winter drought.

The recovery of the 2023 southwest monsoon from third week of June and forecasted normal precipitation in July will support ongoing planting of kharif (fall harvested) season crops.

Wheat area rose to its highest level since 2001, at the expense of oats, rye, mixed grains, and lentils. Export volumes of wheat grain year-to-date (August to May) are up 78 percent over the same time last year, and wheat products (in grain equivalent) are up 21 percent.

The Government of Honduras implemented a new and complicated import permit system for the importation of rice and poultry that has caused major problems for U.S. shippers of these products and their customers.

Export prices increased 4-6 percent mainly due to the strengthening of the Thai baht.

According to government information releases and FAS-Astana contacts, spring grain planting was completed in early June and planting conditions were generally favorable, leading FAS-Astana to estimate no significant change to wheat and barley planted area in MY2023/2024.

South Africa is currently harvesting its second largest corn crop in history and a fourth consecutive bumper crop. This creates a bearish outlook on local corn prices and will limit an expansion in the area to be planted with corn in marketing year (MY) 2023/24.