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Based on the Government of Pakistan’s (GOP) first official assessment, the 2023/24 wheat production forecast is increased to a record 28.0 million tons.
The Government of Morocco has released its first wheat and barley production estimates for the 2023 crop, including 2.98 MMT of common wheat, 1.18 MMT of durum wheat, and 1.35 MMT of barley.
Good conditions at planting and during the early growth phase for wheat and barley production have prevailed for marketing year (MY) 2023/24. However, after a record setting winter crop in MY 2022/23, Australia is expected to produce a strong but more subdued grain crop in MY 2023/24.
According to information published by the United Nations Joint Coordination Centre, as of June 20, 2023, approximately one-quarter of all grain and oilseed volumes shipped under the Black Sea Grain Initiative (BSGI) were destined for the People’s Republic of China (PRC); making it the single largest recipient of food and feed commodities.
New inquiries from foreign buyers drove rice export rice prices slightly higher.
Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are revised upward, while wheat production is forecast lower at 3.4 million metric tons.
Export and domestic rice prices decreased despite the strengthening of the Thai baht.
This report contains revised production and export forecasts for MY2023/24 by Post
Zimbabwe’s corn crop for marketing year 2023/24 is estimated at 1.5 million metric tons. This represents an increase of five percent from the previous marketing year’s crop, mainly due to a normal rainfall season in the northern parts of the country.
Morocco notified G/SPS/N/MAR/97 on April 26, 2023. The notification concerns Morocco’s animal feed regulation. Comments are due no later than June 25, 2023. An unofficial translation is included in this report.
The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.
Rice export prices increased 1-3 percent due to the strengthening of the Thai baht.