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The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
FAS Amman (Post) forecasts Jordan’s wheat imports in MY 2022/23 to reach 1.3 million MT driven by fears of war. The Russian war on Ukraine has a direct impact on Jordan, as most of Jordan's wheat and barley come from Black Sea.
MY2022/23 wheat production is forecast flat at 6,000 MT, unchanged from the previous two MYs. Australia recovered its market share thanks to drought recovery but the United States remains the chief supplier with 66 percent market share.
India is heading for a record wheat harvest this marketing year (MY) thanks to highly favorable weather conditions in the major wheat growing areas. FAS New Delhi (Post) forecasts MY 2022/2023 (April-March) wheat production at a record 110 million metric tons (MMT) from 30.9 million hectares, and up from last year’s record 109.6 MMT from 31.1 million hectares.
Post forecasts that consumption of corn and wheat in Malaysia will marginally increase in Marketing Year (MY) 2022/23, assuming an eventual stabilization of commodity prices following the disruption caused by the crisis in Ukraine.
Next season, Post forecasts corn area to expand by one million hectares (ha), to a total of 22.5 million ha, and production to top 118 million metric tons (MMT). The wheat planted area will grow to 3.4 million ha, with production reaching nearly 9 MMT.
In marketing year (MY) 2022/2023 Post forecasts Uruguay to increase its wheat area somewhat, but production and exports would be marginally lower than in the past two marketing years due lower expected yield.
Forecasts of below average rainfall and extended dry spells in most parts of the country by the Ghana Meteorological Agency, looming shortage and soaring global prices of fertilizer, and a further cutback on fertilizer subsidy rate are set to erode the grain production gains of GOG’s Planting for Food and Jobs program.
Rice export prices remain unchanged despite the strengthening of the Thai baht.
The 2022 crop season in Morocco is progressing under difficult conditions. Dry and hot weather during January and February has driven production to record lows, especially in southern Morocco.
Rice import for MY 2022/23 is forecast to increase by 12 percent as political campaigns and electoral activities leading up to the general election in 2023 gear up. A 4 percent marginal increase in wheat imports is envisioned as the Russia/Ukraine crisis prolongs. High flour mill operating costs will negatively impact the price of flour.
Post forecasts overall feed demand to decline by 2 percent in MY2022/23 as prices rise and additional contraction of the swine industry is anticipated. Corn for feed consumption in MY2022/23 is forecast up 2.8 percent, or 6 million metric tons (MMT). MY2022/23 corn, wheat, and rice production are all forecast down due to the push to increase oilseed production and weather conditions in major wheat growing areas.