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Rice export prices of all grades of rice remained unchanged as the strengthening Thai baht was offset by reduced domestic rice prices.
Post forecasts Burma’s rice export lower in October due to the continued closure of all border checkpoints along the Burma-China border, poor demand from African and EU countries, and high shipping costs.
Imported wheat ensures Nigeria food security amid a growing population since domestic production remains minimal.
Rice export prices increased from last week as the Thai baht strengthened against the U.S. dollar
FAS Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2021/22 (July – June) at 12.4 MMT, up from the previous marketing year estimate due to higher consumption driven by population growth.
In MY 2021/22, Colombian corn, rice, and wheat demand are forecast to recover as Colombia returns to pre-pandemic economic growth levels.
Wheat production in marketing year (MY) 2021-2022 is forecast at a record 20 million tons, and exports are projected at 13.5 million tons (including flour in its wheat equivalent), both unchanged from USDA’s official numbers.
Australia is set for a second consecutive bumper grain crop following two years of drought. For wheat and barley, during the fall planting period and winter and early spring growing period, rainfall has overall been very good across the growing...
As international rice prices gained competitiveness over Chinese rice prices, significant import volumes have entered China since November 2020.
Export prices of white and parboiled rice increased one percent as the Thai baht strengthened against the U.S. dollar.
Post maintains its estimates for marketing year 2020/2021 (MY20/21) paddy area and production at 3,265 thousand hectares (THA) and 9.48 million metric tons (MMT). Despite reported droughts and floods in some parts of the country, industry sources expect higher production of the MY21/22 main wet season crop.
Grain and feed news is positive this year in Venezuela. The forecast for winter crops is favorable due to sufficient rainfall resulting in above average yields for corn and rice.