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Rice export prices decreased 3-5 percent due to the weakening of the Thai baht.

Colombia is a major cocoa producer, ranking tenth globally in total output. In 2021, Colombia produced 65,174 MT of cocoa with a planted area of 194,428 hectares. Colombia has 2.8 million hectares of land suitable for cocoa growth and is a major producer of fine or flavor cocoa.

Rice export prices decreased due to the weakening of the Thai baht.

Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.

Rice export prices decreased one percent due to the weakening of the Thai baht.

Post expects MY2022/23 rice production to recover from MY2021/22 due to available water supply and abundant precipitation. MY2021/22 and MY2022/23 feed wheat imports could benefit from the temporary removal of restrictive import measures from May 10 to July 31, 2022.

Rice export prices remain unchanged despite the weakening of the Thai baht.

Rice export prices increased 1-7 percent due to the strengthening of the Thai baht.

In marketing year (MY) 2022/23, Colombia's coffee production is forecast to remain unchanged at 13 million bags of green bean equivalent (GBE). Although weather conditions are expected to be normal, crop productivity has the potential to be negatively impacted as a result of lower fertilizer use due to rising prices.