Browse Data and Analysis

Post estimates marketing year (MY) 2023/24 wheat consumption to decrease to 4.5 million metric tons (MMT) or 10 percent from USDA's official estimate.

Milled rice production for MY 2023/24 is projected at 1.2 million metric tons (MMT) an 11 percent increase from MY 2021/22. Post projects milled rice production for MY 2022/23 at 1.1 MMT, a 3 percent increase from MY 2021/22.

Rice import for MY 2023/24 is forecast to increase by 4 percent as flooding curbs domestic production and increases imports.

For the region that includes Senegal, Guinea, Burkina Faso, and Mali, rice area harvested and production for MY2023/24 is forecast up 1.2 and 2 percent year-over-year, respectively.

South Africa is on course to produce a fourth consecutive bumper corn crop in MY 2022/23, which creates a bearish outlook on local corn prices and will limit growth in the area to be planted with corn in MY2023/24.

Assurances of support from bilateral creditors and the IMF, and goodwill from the international community in helping Ghana weather the economic storm has offered a brighter hope of an economic resurgence.

MY 2023/24 corn production is anticipated to increase roughly 3 percent to 6.1 million metric tons (MT) as more farmers switch to corn production in response to high prices. Post anticipates production will remain below historical levels due to high fertilizer prices and fall army worm outbreaks.