Browse Data and Analysis

Post forecasts smaller Burmese rice exports in March due to a smaller supply; however, Burmese rice exports will remain strong due to high world prices and anticipated strong demand from African and EU countries, China, and the Philippines.

FAS Manila forecasts Market Year (MY) 2022/23 milled rice production will reach 12.4 million metric tons (MT), flat with the previous year’s near-record high. The Philippine government’s support programs will help rice farmers partially offset rising input costs.

After exceptional consecutive production seasons of solid growth supported by relatively high commodity prices and favorable weather conditions, wheat and corn producers in South Africa are optimistically looking forward to the 2022 production season.

MY2022/23 corn production is forecast to decrease by approximately 16 percent to 5.9 million metric tons (MMT) due to drought conditions, fall armyworm infestations, and high fertilizer prices.

Due to lower area and yields, wheat production in 2022/23 is forecast at 26.4 million metric tons (MMT), four percent lower than last year. To make up for the expected domestic shortfall, in 2022/23 wheat imports are forecast at 1.5 MMT.

Peruvian wheat production in MY 2022/2023 is forecast at 220,000 MT. Wheat imports in MY 2022/2023 are forecast at 2.25 MMT. Corn production in MY 2022/2023 is forecast at 1.7 MMT.

Kenya MY2022/23 corn production is forecast at 3.2 million metric tons (MMT), largely unchanged from MY2021/22 due to high fertilizer prices and farmers switching to alternative crops such as sugarcane.

Rice export prices increased 4-5 percent due to concerns about Russia’s invasion of Ukraine.

Mexico’s corn, wheat, and sorghum production in marketing year (MY) 2022/23 are forecast marginally lower than the previous year due to rising input costs, reduced government support, and expected adverse weather conditions from La Nina.

Rice export prices increased 3 percent as exporters anticipate an increase in demand despite the weakening of the Thai baht to a one-month low.

Rice export prices decreased 2-3 percent due to the weakening of the Thai baht and new supplies of MY2021/22 off-season rice entering the market.

This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.