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In marketing year (MY) 2022/23, Post’s rice harvested area and production forecasts increased slightly to 11.55 million hectares and 35.85 million metric tons (MT), respectively, on a good Aman season harvest.
Rice export prices rose 2-5 percent higher due to exporters’ concerns about the strengthening of the Thai baht.
Rice export prices increased 4-6 percent due to the strengthening of the Thai baht.
Quotations are not available this week due to the New Year’s holiday.
Post revises its estimates of the marketing year (MY) 2021/22 paddy harvest area and production down to 7,185 thousand hectares (THA) and 42.83 million metric tons (MMT) on unfavorable weather conditions and high input costs.
This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
Export prices increased 1-2 percent due to the strengthening of the Thai baht.
Planting of India’s rabi season (winter sown, spring harvested) crops, which includes wheat, is progressing well under adequate soil moisture conditions and irrigation water availability. Market year (MY) 2022/2023 rice production is estimated higher...
FAS Manila maintains MY 2022/23 milled rice production at 11.975 million MT, as previously stated conditions such as diminished fertilizer application still hold. FAS Manila estimates rice imports at 3.8 million MT in response to recent trade data. FAS Manila estimates wheat imports at 5.8 million MT because of high prices and industry contacts’ observations that consumers have limited purchasing power.
Export prices increased 3-4 percent due to new inquiries for new-crop rice supplies ahead of the holidays.
Based on total commitments to date (imports plus outstanding purchases), the 2022/23 import forecast is reduced from 3 to 2.6 million tons. With the impact of the summer’s floods proving to be even worse than initially anticipated, the 2022/23 rice production estimate is decreased to 6 million tons. As a result of the expectations for lower domestic supplies, 2022/23 rice exports are also lowered to 3.6 million tons.
Export prices decreased one percent despite the continued strengthening of the Thai baht.