Browse Data and Analysis

Export prices of all grades of rice remain unchanged.

Post revised its paddy harvested area and production output estimates for marketing year 2020/2021 (MY20/21) up to 7,360 thousand hectares (THA) and 43.90 million metric tons (MMT) (27.44MMT milled equivalent), higher than the USDA official numbers, on higher yields of the Spring and Autumn crop.

Post’s MY2021/22 corn import forecast is 20 MMT, 6 MMTs below USDA’s official forecast with the expectation that demand softens as corn imported during the current marketing year enters commercial channels, stock building moderates, and the expansion of domestic corn area results in greater production.

The FAS Seoul June 2021 Grain and Feed update covers changes to the Korean rice situation since the March 2021 Grain and Feed Annual report.

Export prices of all grades of rice decreased 4-5 percent.

Post lowers its corn production forecast for market year (MY) 2020/21 (March 2021 – February 2022) to 94 million metric tons (MMT), a reduction of 11 MMT from Post’s April projection.

Marketing Year (MY)2021/22 wheat production is forecast at 26.0 million metric tons (MMT), three percent higher than last year’s wheat production of 25.2 MMT.

While COVID-19 and African Swine Fever continue to constrain Philippine feed demand, corn and rice posted strong production in the third quarter of MY20/21 and are both set for record high output.

Burma’s rice exports in June are forecast lower due to the continued closure of several check points along the Burma-China border and lower demand from EU countries.

Export prices of white and parboiled rice decreased slightly despite the appreciation of the Thai baht against the U.S. dollar due to a lack of new inquiries.

Post forecasts MY 2021/22 production, demand, and trade for rice, corn, and wheat.

Export prices for all grades of rice decreased around one percent from the previous week due to a lack of new inquiries.