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This report contains updated Marketing Year (MY) 2020/21 and MY2021/22 production, trade, and consumption estimates for Ukraine against those discussed in our Annual grain and feed report (UP2021-0017).
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.
Post forecasts 2021/22 corn harvest at a record 118 million metric tons (MMT), up nearly 40 percent on the disappointing 2020/21 harvest estimated at 85 MMT.
Export prices of white and parboiled rice remained unchanged as the weakening of the Thai baht offset higher domestic prices for Thai rice.
FAS China’s marketing year (MY) 2021/22 corn import forecast is 20 million metric tons (MMT) while its estimate for corn imports in MY 2020/21 is raised to 30 MMT.
Vietnam is an emerging economy in Southeast Asia that has experienced rapid growth and development during the last few decades. As has historically been the case in many countries, growth in animal-based protein consumption has gone hand-in-hand with this economic development.
Post maintains its estimate for marketing year 2020/2021 (MY20/21) corn consumption at 14.5 million metric tons (MMT), but revised MY21/22 corn consumption down to 14.35MMT on a lower estimate for feed and residual with anticipation of declining feed demand in the second half of CY2021.
This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
Export prices of white and parboiled rice increased one percent due to new inquiries from foreign buyers, particularly from African markets.
The 2021/22 rice production forecast is reduced from 8.2 to 7.9 million tons due to lower-than-average monsoon rains.
Export prices of all grades of rice remained unchanged despite a further weakening of the Thai baht against the U.S. dollar.
Mexico’s projected wheat production in marketing year (MY) 2021/22 is revised upward compared to the USDA official forecast to 3.2 million metric tons (MMT) based on updated official Mexican production data.