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On December 22, 2023, President Ferdinand Marcos, Jr. signed Executive Order No. 50 (EO 50) extending lower tariffs on pork, corn, and rice for another year or until December 31, 2024. EO 50 was published on December 26, 2023, and took effect immediately upon publication.
Attaché Report (GAIN)

Philippines: Grain and Feed Update

FAS Manila maintains its September 2023 forecast for rice and corn production and imports, but lowers its forecast slightly for wheat imports to 6.0 million metric tons.
Attaché Report (GAIN)

Bangladesh: Grain and Feed Update

Post slightly lowers the MY 2023/24 rice production forecast due to some minor aman season crop damage caused by a cyclone. Despite the reduced production, Post lowers the rice import forecast to 500 thousand MT, as the Government of Bangladesh maintains its high rice import tariff of 62.5 percent.
On December 7, 2023, the Ministry of Agriculture and Rural Affairs (MARA) announced the registration of 51 genetically engineered (GE) corn and soy varieties, including 37 GE corn varieties and 14 GE soybean varieties.
Attaché Report (GAIN)

India: India - Grain and Feed Update - December 2023

Planting of India’s rabi season (i.e., winter sown, spring harvested) crops is progressing somewhat slower than anticipated due to relatively dry soil moisture conditions.
Attaché Report (GAIN)

European Union: Grain and Feed Quarterly

Extreme weather conditions across the EU reduced grain production projections in MY 2023/24, although production is still anticipated to exceed MY 2022/23 levels. EU grain export expectations have deteriorated based on third country competition in...
Attaché Report (GAIN)

Thailand: Grain and Feed Update

Post increased the MY2023/23 rice production forecast to 19.9 MMT to reflect greater water availability than previously projected for the MY2023/24 off-season rice crop. The forecasts for MY2023/24 corn production and imports and MY2023/24 wheat...
Attaché Report (GAIN)

Bulgaria: Grain and Feed Market Update

FAS/Sofia’s marketing year (MY) 2023/24 corn production estimate is lowered to 2.5 million metric tons (MMT) based on the harvest progress to date. The corn crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.
Attaché Report (GAIN)

China: Grain and Feed Update

Information in this report was current as of September 27, 2023. Post forecasts China's MY2023/24 grain feed and residual use to increase slightly and corn production also slightly higher due to a larger planted area and improved yields.
The El Nino climate pattern is expected to reduce Indonesia's 2022/23 rice and corn production. Post estimates Indonesia's 2022/23 corn production to decline to 12.3 million metric tons (MMT) compared to the previous estimate of 12.9 MMT.
The Democratic Socialist Republic of Sri Lanka’s (Sri Lanka) Ministry of Finance, Economic Stabilization and National Policies recently introduced a Special Commodity Levy for three agricultural commodities: maize (corn), black gram, and green gram, effective August 18, 2023, for a period of six-months.
Attaché Report (GAIN)

Egypt: Grain and Feed Update

Egyptian marketing year (MY) 2023/24 wheat imports are estimated at 12.0 million metric tons (MMT), up by 6.9 percent from MY 2022/23 due to lower area and production.