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Rice export prices further increased 1-5 percent due to the strengthening of the Thai baht and tighter domestic rice supplies.

On May 8, 2024, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of new and renewed biosafety certificates for genetically engineered (GE) and gene-edited events.

Following three consecutive seasons of tight supply, favorable fall and winter conditions have been followed by abundant spring precipitation across Spain, with the notable exception of the eastern part of the country.

The Brazilian Government announced the elimination of import taxes on paddy rice (100610), husked/brown rice (100620), and milled rice (100630) for all countries.

Rice export prices further increased 2-3 percent mainly due the strengthening of the Thai baht.

Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....

This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains.

Rice export prices increased 2-3 percent due to strong demand for Thai rice and the strengthening of the Thai baht.

The Canadian Food Inspection Agency published the finalized guidance document clarifying their position on novelty declarations and pre-market assessments for livestock feeds derived from crops developed through gene-editing.

Exporters and importers continue to face much uncertainty due to the military regime’s foreign currency control policies and continuing conflict between the regime and ethnic armed forces. FAS Rangoon forecasts Burma’s MY 2024/25 rice exports to recover to 1.7 MMT amid high stocks and expected relaxation of export controls. MY 2024/25 corn exports and wheat imports will remain flat.

Wheat production is expected to recover this marketing year as higher soil moisture raises yield. West and North Kazakhstan were impacted by heavy flooding, with the areas of Atyrau, Kostanay, and Almola most negatively affected.

Rice export prices slightly increased despite the further weakening of the Thai baht.