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Rice export prices increased from last week as the Thai baht strengthened against the U.S. dollar
FAS Sofia increases its estimate for wheat and barley crops to 7.2 million metric tons (MMT) and 700,000 MT, respectively, due to favorable spring weather leading to record yields.
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.
This report contains FAS-Nur-Sultan’s production estimates for MY2021/22 and trade estimates for MY2020/21. An unusually warm and dry growing season led to an earlier grain harvest, beginning in mid-August.
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.
Turkey's Marketing Year (MY) 2021/22 wheat production estimate is lowered slightly to 16.25 million metric tons (MMT), while barley production is further lowered to 4.5 MMT.
Due to insufficient rain, Algerian grain production in 2021/22 declined by 38 percent. As a result, grain imports are predicted to increase. While Algeria relies primarily on European wheat, German wheat is making gains at the expense of French wheat.
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.