Browse Data and Analysis

The United States is the main sourcing option for Colombian importers of corn and rice.

MY2018/19 rice and corn production are expected to reach record highs due to acreage expansion driven by attractive farm-gate prices.

Saudi corn imports in marketing year (MY) 2017/18 are forecast to increase by 15 percent, to about 4 million MT.

Implemented in January 2018, a Philippine tax reform program that cuts personal income taxes should increase disposable incomes and raise food and feed consumption in MY18/19 onwards.

Export prices declined by 1-3 percent as supplies of off-season rice have begun to enter the market.

As Ecuador’s economy recovers and domestic corn prices remain high, consumption of wheat and rice increased in 2017/18.

FAS Amman forecasts Jordan’s wheat production in marketing year (MY) 2018/19 (July-June) at 20,000 metric tons (MT), largely unchanged from the USDA official MY 2016/17 estimate.

FAS Cairo forecasts Egypt’s wheat production in marketing year (MY) 2018/19 (July-June) to reach 8.45 million metric tons (MMT), up by 4.3 percent compared to marketing year 2017/18.

Export prices increased by 1 percent in response to new demand for white rice under the government-to-government agreement with China.

Export prices remain unchanged due to market inactivity. The government delayed its plan to issue a tender for the remaining rice stocks until April.

Russia has harvested its largest grain crop in nearly 40 years, exceeding 134 MMT according to official reports and moving Russia into the number one position of global wheat exporters.

Export prices of white and parboiled rice further declined by 1 to 2 percent while prices for fragrant rice continued to increase.