Browse Data and Analysis

Rice export prices decreased 4-5 percent due to the weakening of the Thai baht.

Wheat and barley crops received adequate rainfall. Post forecasts MY 2022/23 wheat and barley production at 1.1 MMT and 420,000 MT, respectively, with imports anticipated at 2.1 MMT and 950,000 MT.

High global commodity prices are expected to slow the growth of 2021/22 Indonesian wheat imports and lower the use of wheat in feed formulation.

Wheat consumption in the Dominican Republic (DR) during Marketing Year (MY) 2022/2023 (July 2022/ June 2023) is forecast at 451,000 metric tons (MT), virtually flat from MY 2021/22. Dominican imports are forecast at 610,000 MT, a 2 percent increase from the last MY, due to increased exports of Dominican wheat products and the adverse effects of international wheat process on local demand for wheat products.

Post forecasts marketing year (MY)2022/23 rice and corn production 2 percent higher than MY2021/22 figures, benefiting from sufficient water supplies and attractive farm-gate prices.

The Saudi Grains Organization (SAGO) projects domestic wheat production at 700,000 metric tons (MT) in MY 2021/2022, up approximately 17 percent from USDA’s official estimate of 600,000 MT. Experts anticipate local domestic wheat production could reach 1 million metric tons (MMT) in MY 2022/2023 to offset expected import delays from Russia and Ukraine as a result of the ongoing war.

Egypt is closely following the repercussions of the Russian-Ukrainian crisis. Certainly Egypt’s grains imports from both countries were affected. Accordingly, FAS Cairo forecasts Egypt’s wheat imports in MY 2022/23 (July – June) at 11 MMT, down by 8.3 percent from MY 2021/22 Post’s import estimate figure of 12 MMT.

In marketing year (MY) 2022/23, Colombia's corn and rice production are forecast to marginally decrease from the previous year as a result of lower crop productivity due to rising prices of fertilizers and potential supply disruption of these inputs.

Rice export prices remain unchanged despite a further weakening of the Thai baht.

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.

As the 14th largest export destination, the United Kingdom (UK) has been an important and growing market for U.S. agricultural products. Shared heritage and cultural ties have continued to bolster U.S.-UK trade. The United States is the second largest UK agricultural supplier, behind the European Union (EU). The market presents many opportunities for intermediate and consumer-oriented products.

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.