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Rice export prices increased 2 percent despite the weakening of the Thai baht.
Post increased its corn production forecast for Marketing Year (MY) 2022/23 to 120 million metric tons (MMT) based on strong demand, increased prices in the domestic and international markets, and diminishing uncertainty over the availability of fertilizers. For MY 2021/22, Brazil’s corn planted area is set to reach new records.
Wheat production for marketing year (MY) 2022/23 is forecast slightly lower than the USDA official forecast based on updated industry and Mexican government data that reflect adverse weather conditions.
Rice export prices decreased one percent due to the weakening of the Thai baht.
Rice export prices remain unchanged despite the weakening of the Thai baht.
Wheat consumption in Haiti in Marketing Year (MY) 2022/23 (July 2022/June 2023) is forecast at 280,000 metric tons (MT), up 1 percent compared to the previous period.