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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 decreased 1-2 percent due to further weakening of the Thai baht.

Post forecasts that Marketing Year (MY 2022/23) harvested area and production will only slightly increase from the previous year due to a recovery from floods and storms, expectation of lower oil prices, and more adoption of technology.

Export prices decreased 2-8 percent as new-crop rice supplies began entering the market.

Australia is on the path to a third consecutive bumper grain crop in marketing year (MY) 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22. After another strong start to the planting season followed up by great rainfalls, there is ample moisture to carry the wheat and barley crops through the grain fill stage.

Post forecasts Burmese rice exports higher in October. Despite low demand from African countries, there is high demand from Bangladesh and China. Domestic prices for both Emata and Shwe Bo Pawsan declined in October as supplies from the new rice crop enter the market and the Myanmar kyat appreciated against the U.S. dollar.

Export prices decreased 1-4 percent due to the further weakening of the Thai baht.

Export prices slightly increased due to the strengthening of the Thai baht.

High production costs, price instability and lingering disease threats discouraged livestock production which has kept overall 2022 feed demand flat compared to the previous year. Due to high corn prices as well as flat feed demand, Post revises its marketing year (MY) 2021/22 corn consumption down to 13.80 million metric tons (MMT) and imports down to 9.20 MMT.

This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.

Post forecasts China's MY2022/23 feed and residual to decrease one percent from MY2021/22. Corn production for MY2022/23 is forecast at 270 MMT, 4 MMT lower than USDA’s official forecast and 2.5 MMT lower than MY2021/22 due to lower planting area and yield losses caused by excessive rains in the northeast.

FAS Manila revised MY 2022/23 milled rice production downward to 11.975 million MT both because of a 3 percent expected reduction in yields as soaring fertilizer prices result in significantly reduced application and because of the effects of Typhoon Noru (Local name: Karding).