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FAS/Manila raises MY 21/22 rice imports by 100,000 metric tons (MT) to 2.2 million MT based on expected improving economic conditions and an upturn in Sanitary and Phytosanitary Import Clearances in July and August 2021.
MY2021/22 rice production remains unchanged at 21 million metric tons. Post revised down Thai rice exports to 5.8 million metric tons in 2021 due to high freight costs and a lack of available shipping containers.
Post forecasts Burma’s rice exports lower in September 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.
FAS Tokyo estimates MY2020/21 corn imports will be 15.5 million tons, down 2.4 percent from the previous year due to high global corn prices.
Export prices of white and parboiled rice declined 1-2 percent due to a further weakening of the Thai baht against the U.S. dollar.
The Government of Morocco has released its final wheat and barley production numbers for the 2021 crop, including 5.06 MMT of common wheat, 2.48 MMT of durum wheat, and 2.78 MMT of barley.
Turkey announced the elimination of tariffs on some pulses and grains.
Export prices of all grades of rice remain unchanged despite the weakening of the Thai baht against the U.S. dollar and slow trading activities.
Export prices leveled off despite steady demand and the appreciation of the Thai baht against the U.S. dollar.
This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
On August 17, 2021, the European Commission (EC) approved seven genetically engineered (GE) crops (3 corn, 2 soybean, 1 rapeseed, and 1 cotton) and renewed the authorizations for two corn and one rapeseed crop used for food and animal feed.
Post forecasts lower rice exports in August due to the closure of all border checkpoints along the Burma-China border and poor demand from African and EU countries.