Browse Data and Analysis

Export prices increased 1-6 percent.

Warm and dry summer conditions have taken a toll on EU grain production projections, especially in the case of corn. On a positive note, a surge in corn imports originating from Brazil and Ukraine, with the recent four-month extension of the Black Sea Grain Initiative, have increased predictability of the EU grain market balance.

The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.

Export prices increased 2 percent as foreign buyers continued seeking Thai rice.

Post forecasts 2022/2023 corn production at a record 126 million metric tons (MMT) based on the growing demand and price for corn both in domestic and international market. This is up 8.6 percent on the 2021/2022 production estimated at 116 MMT.

The Bank of Ghana restricted access to foreign exchange for a select list of imported products, including rice, poultry, vegetable oils, and pasta, among other items, to implement a directive from the President of Ghana.

Post forecasts Burmese rice exports lower in November. Despite the contracted shipment to Bangladesh, slow demand from African countries and high domestic prices will lead to lower exports in November. Domestic prices for Emata increased in November as local traders are purchasing stock in anticipation of a lower production. Prices for Shwe Bo Pawson also remained high.

Export prices increased 2 percent due to the rapid strengthening of the Thai baht.

Over the last five years, Hong Kong’s global imports of hops expanded 42 percent, growing 10 percent to $7.2 million in 2021. The United States continues as the leading supplier enjoying 96 percent market share. Hong Kong re-exported 72 percent of its hop imports to other markets in the region, retaining 28 percent for local breweries.

Export prices remain unchanged as the strengthening of the Thai baht offset reduced domestic prices.

Japan imports approximately 2.6 million metric tons of forage annually, primarily from the United States, Australia, China, and Canada. Japanese importers have diversified suppliers and sought new products to help meet challenges posed by surging international prices and ongoing logistical challenges.

This report contains Post’s production estimates for marketing year (MY) 2022/23, as well as final export numbers for MY2021/22. Production is down sharply as a result of Russia’s invasion of Ukraine and the impact on agriculture. Domestic consumption for all grains (both feed and food) went down as a combination of migration out of the country, decreased disposable incomes, and destroyed animal production facilities in the areas of military activity.