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Rice export prices decreased 1-2 percent due mainly to the weakening of the Thai baht against the U.S. dollar.

On November 15, 2021, Statistics Korea (KOSTAT) released a revised 2021 rice production estimate of 3.882 million metric tons (MMT), up an additional 1.6 percentage points from the initial rice production estimate in early September and up 10.7 percent from the previous year.

Post forecasts higher Burma’s rice export in November in anticipation of active demand from China and EU countries during harvest of the new crop.

Rice export prices of most grades of rice increased 1-2 percent.

In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.

Post forecasts MY2021/22 rice production to increase to 21 million metric tons despite flooding. Posts expects Thai rice exports to increase to 5.8 million metric tons in 2021.

Rice export prices of most grades of rice decreased 1-2 percent following domestic rice prices.

Post's marketing year 2021/2022 rice harvested area and production forecast is 11.42 million hectares and 35.5 million metric tons, respectively, on reduced Aus rice production. The Government of Bangladesh reduced the rice total tax incidence...

Rice export prices of all grades of rice decreased 2 percent.

On September 8, 2021, the Indian government raised the minimum support prices (MSP) for the select upcoming rabi (winter-planted) crops, including wheat.

This report is an October 2021 update to the FAS Seoul Grain and Feed Annual released on March 31 and the Grain and Feed Update from June 27.

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