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The Government of Morocco continues to subsidize bread wheat imports based on a fixed flat-rate premium. This measure is valid until April 30, 2023, and is intended to maintain low bread prices and encourage stock building.
Turkey’s production of wheat, corn, barley and rice in MY 2022/23 are all forecast higher compared to the previous year.
Corn production in MY2022/23 is revised up slightly based on National Bureau of Statistics data indicating a better harvest in the North China Plain which more than offset smaller yields in the northeast.
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.
South Africa’s grain production is off to a decent start in marketing year 2022/23. Above-average rains over most parts of the summer rainfall production area during November and December enhanced crop plantings and provided conducive growing conditions.
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.
U.S. agricultural exports to China in fiscal year (FY) 2022 were $36.4 billion and surpassed the previous year’s record with China as the largest export market for the second consecutive year. Significantly higher agricultural prices and resilient demand helped drive exports above the previous year’s record despite lower volumes for most products.
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.