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About Us

Founded by Jeremy Zwinger in 2002, The International Commodity Institute is the umbrella organization that serves to offer clients an integrated media source that connects all critical aspects of the world rice industry. The institute brings together in-depth market reports and analysis (The Rice Trader publications), trade networking (World Rice Conference and other Events), expounding in various media (Weekly Direct TV Interviews), working with international producers of commodities (Farm & Trade), helping entities with global consulting, and international recognition for achievements and contributions to the global rice industry (World’s Best Rice Award and The Rice Trader Lifetime Achievement Award).

From farm to fork, from research to destination, the rice industry will be able to utilize the tools offered by the International Commodities Institute for insights and the ability to understand short, medium, and long term industry consequences, interpret market dynamics into commercial success.

For over 30 years, The Rice Trader publication has brought its subscribers crucial, up-to-the-minute information on rice trade through its daily and weekly publications. Acknowledged as the only source of confidential information about the rice market, this weekly summary of market data analysis has helped both the leading commercial rice companies and the regional government officials make informed decisions, which are critical in today’s market.

Our Mission

The Rice Trader is the world’s leading trade publication dedicated to in-depth analysis of the global rice industry. We assist your organization with valuable intelligence for risk management, trade, and decision-making abilities across the rice industry supply chain.

Rice is the staple food for over three billion people making it the world’s most important grain. Leaders from over 20 countries and every corner of the rice industry receive The Rice Trader. They rely on it to determine the most efficient ways to trade and transport this vital commodity. Comprehensive, in-depth market analysis makes The Rice Trader a pillar in the global rice industry and is the most profitable investment a person in this trade can make.

Acknowledge and honors development achievements through the prestige of our international awards, The Rice Trader aims to recognize and promote the development of the rice industry in countries that appreciate continuous development by education and research. 

Our Values

Published 48 times a year, the Weekly Report is a vital source for market intelligence. We serve our subscribers by delivering an integrated platform of information on rice origins, allied markets, and risk management tools. The Rice Trader combines market data with proprietary research to provide our clients the most comprehensive rice report in the world on a weekly basis.

Daily News Update from The Rice Trader features all of the most recent activities of the global rice industry from various related aspects and beyond.

The Rice Trader World Rice Conference is the world’s leading forum for rice industry professionals, and emphasizes on the global rice trade, with a strong reputation in bringing leaders and rice industry and the various elements that deliver rice, from farm to fork. 

Our Team

Team up from rice professionals, along with the companionship of researchers, enthusiastic advisors and reputed traders of the global rice industry who have decades of experience, The Rice Trader aims to deliver an integrated platform of information to the rice trade and allied industries that not only informs, but provides analysis, insight and valuable intelligence that will assist risk management, trade, and decision-making abilities across the rice industry supply chain. 

Jeremy Zwinger – President & CEO:
 “As the world and market transforms, so must we or we will be left behind.”

Jeremy Zwinger is the CEO/President of The Rice Trader, Farm And Trade, Inc., and International Commodity Institute.  Mr. Zwinger is the founder of the World Rice Conference, along with several other key projects which help build bridges between a vast number of global entities. He was raised on his family’s farming operation in North Dakota, USA, and is a graduate of North Dakota State University, where he also attended graduate school for agriculture economics.  Jeremy followed up this graduate school studies by taking on the position of the market analyst for U.S. Wheat in Washington DC, where he was able to get hands on experience in complexities of global trade and U.S. agricultural trade policy.  His interests are broad, ranging from commodities markets to the digitalization of global business to the rapidly changing international cultural/geopolitical environment.  Development of water distribution systems, ownership of water rights, and large-scale water trading are also key passionate interests. On a personal note, Mr. Zwinger is blessed with five children and an amazing family, whose support has allowed him to be here today.

A regular participant at international events and conferences, Mr. Zwinger has contributed extensively on the analysis of markets by predicting inter-commodity effects (rice, wheat, corn, soybeans, sugar, etc.), as well as currency and oil price led impacts on the rice markets. He is also well known among clients for his direct advisory work and market analysis that has proven to be very close to actual market developments.  His 2007 speech forecast rice prices to go past $1,000 per ton levels, the more recent global food oversupply predictions, his prediction of the 2016 Trump presidency more than a year in advance of the U.S. elections, and a split 2020 election, are a just a few key examples that are well regarded. 

Additionally, Mr. Zwinger has extensive experience that extends globally in the fields of publishing, brokerage, water trading, advisement, production financing, and consultancy services to a number of internationally respected players, including several Fortune 500 companies.  He has consulted for many countries on key strategic interests, with direct access to heads of state and their cabinet members throughout the globe. More recently, he has become heavily involved in globally critical topics such as water rights and value, food security issues, electronic trading, international production financing, global investment strategies with a focus on the commodity fields, market development strategies, and the coming solar cycle, which is likely to lead to major global issues on a multitude of levels. In 2020, he was also made a lifetime member of the Farm Foundation, a prestigious agriculture and trade policy group, which helps make recommendations for the future, while facilitating key leaders into action.  Mr. Zwinger has recently taken on the role of a weekly market discussion analyst on Direct TV, talking about the commodity markets and the important topics of the day. The changes brought on by Covid-19 have forced major developments in Mr. Zwinger’s business, where unique software was developed to help allow personalized networking with automated contracts.  The goal remains of a more efficient trade mechanism in this new and ever-changing environment.

Mr. Zwinger looks forward to contributing more insights on the future and hopes to make yet another accurate assessment of the direction the market is headed in aid of those in attendance. As we have seen in the past, there are likely to be some interesting insights that come from his engaging and passionate discussions.

V Subramanian – Vice President

Subra is Vice President and a member of The Rice Trader team with primary responsibilities in the TRT’s Asian and African rice market coverage. As Vice President at The Rice Trader, Subra presents daily updates on rice market prices, market developments and the latest in dealings amongst buyers and sellers as well as to provide a significant contribution to the weekly TRT report that has a wide readership from the global rice trade.

Subra’s contributions extend to covers developments and market intelligence gathering across all major rice markets, with an emphasis on development of TRT’s focus on rice market verticals that look at markets specifics like white rice, parboiled rice, fragrant rice, basmati rice, broken rice as well as key price trends and analysis in global rice markets and how these relay market signals and trends in procurement. Special reports on African markets, China, Indonesia, the Philippines and all the major export markets of India, Vietnam, Thailand, Pakistan, US, South America, Myanmar and Cambodia are also part of Subra’s market specific special reports that provide readers with specialist insights into global rice markets.

Subra is well-known for his role in the TRT World Rice Conference (held since 2009) the annual meeting place for the global rice trade.

Subra was also Managing Editor of Rice Today, between 2009 and 2012. Rice Today is the flagship publication of IRRI that was published by the The Rice Trader from between 2009 and 2012.

Subra was previously part of IBC Asia (Informa Group) for 14 years between 1994 and 2008 and helped create several firsts including Asia’s first coffee, sugar, rice conferences, and the world’s first Dry Bulk Shipping conference in a role that saw him create and eventually head IBC Asia’s Commodities and Maritime Division.

Educated in Singapore and the United Kingdom - Economics degree (University of Leicester) and a Masters in Science (MSc) degree in shipping trade and finance (City University, London, now known as the Cass Business School), Subra started his career at the Singapore Trade Development Board compiling trade statistics between Singapore and Malaysia. Subra subsequently joined Peregrine Futures where he provided daily market reports and analysis (including fundamental and technical analysis) to clients on futures markets, with emphasis on Coffee, Cocoa, Sugar as well as the metals markets of the London Metals Exchange.

Testimonials about TRT

Mr. Mamadou Ciss

CEO, Alliance Commodities

“I have been trading rice since 1984 in various organizations and I have been a regular subscriber of TRT since the beginning. 

TRT has revolutionized the way rice reports were and are written. They inspire and lead the rice market in its growing need to be informed on what’s going on. 

I have always been satisfied with their services which I highly recommend to those willing to play a role in the rice industry.”

Mr. Chookiat Ophaswongse

Honorary President Thai Rice Exporters Association

The Rice Trader (TRT) is now the most recognized organization all over the world for Rice Business, this success came after investing so much of time and efforts over numerous years. You deserve to enjoy every moment of it! Congratulations my friend, and may you get much more success in the years to come in your business.

Mr. Vivek Sharma

“I have been reading TRT and attending the World Rice Conference organized by them for 9 years now. I have gained tremendous knowledge and network by being a subscriber. The personal touch is present in every interaction and even though you may just be reading it on your laptop, you can hear the passion of Subra and Jeremy’s voice behind those lines. It is a boon for rice industry professionals. It brings together some of the brightest minds and nicest people on the planet, and I almost forgot, the most current and timely information available on Rice.”

Mr. Sujit Pande

Responsible for Global Marketing & Product Management activities of Rice Solution Business @ Buhler AG

“The Rice Trader and its associated business will be richer if we can track all relevant data and give impetus to its impact on future business scenarios. We at Buhler really appreciate depth of data and flow of facts brough by TRT team. “

Mr. Henry Allard

President, Filhet-Allard Maritime

“The professionalism of the TRT team, as well as the high quality of information provided by its platforms, are two of the many reasons why Filhet-Allard Maritime is delighted to be a long-standing partner of TRT. 

Year after year, TRT has proven to be a valuable tool for industry players and the annual World Rice Conference never fails to provide excellent networking opportunities. For over a decade, we have enjoyed an enriching partnership with TRT and we look forward to many more years of fruitful collaboration.”

04 March 2024

Negotiations at the WTO’s 13th Ministerial Conference, which concluded on March 2, 2024, failed to achieve any outcome on public stockholding (PSH) for food security and domestic support for farmers in developing countries, including India, which has been demanding a permanent solution on these issues.  The conference, which was originally scheduled for February 26-29 in Abu Dhabi, was extended by a day amid hectic parleys…

04 March 2024

Indonesia is importing 300,000 tons of rice from Thailand and Pakistan to bolster its national food stocks ahead of Ramadan and Eid al-Fitr. Bayu Krisnamurthi, president director of state logistics and food distributor Bulog, said in Jakarta on Sunday that the imported rice was still on its way to Indonesia. This import will increase rice stocks in Bulog's warehouses, currently at 1.3 million tons.

04 March 2024

On March 1, 2024, China announced new minimum purchase prices for various types of rice, a move by the National Development and Reform Commission aimed at stabilizing the grain market and ensuring food security. With prices set at 127 yuan for early indica rice, 129 yuan for mid-late indica, and 131 yuan for japonica per 50 kilograms, this policy is part of China's broader strategy to secure farmers' incomes and encourage grain production.

01 March 2024

Poland doesn't rule out introducing a ban on agricultural products from Russia, the prime minister said on Thursday during a visit to Warsaw by his counterpart from Latvia, which has already implemented such a ban. Like much of Europe, Poland has been gripped by protests in recent weeks as farmers demonstrate against European Union environmental regulations and what they say is unfair competition from Ukraine since the bloc waived duties on imports in 2022.

01 March 2024

India's rice production is set to fall for the first time in eight years in 2023/24 because of below average rainfall, while wheat production is expected drop 1.8% from a year ago, the government said in a statement on Thursday. Rice production in the world's largest exporter is being carefully watched after New Delhi banned exports of non-basmati white rice in July, sending global prices surging.

Vietnam
01 March 2024

Vietnam’s consumer prices picked up in February as domestic demand spiked ahead of the week-long Lunar New Year holiday, known locally as Tet.  The index rose 1.04 per cent from January’s level and 3.98 per cent on a 12-month basis. The General Statistics Office (GSO) attributed the growth largely to the high consumption for Tet and the rising prices of everyday items such as fuel and rice. 

29 February 2024

Southern Vietnam, including business hub Ho Chi Minh City and its "rice bowl" Mekong Delta region, suffered an unusually long heat wave in February, weather officials said Wednesday. Several areas of the delta are also suffering drought and farmers are struggling to transport their crops due to low water levels in the region's canals.

29 February 2024

The US is considering the recognition of Vietnam as a market economy, which means that Vietnamese goods entering the US would avoid many risks caused by trade barriers. US Ambassador to Vietnam Marc E. Knapper stated two weeks ago that the US government is currently reviewing Vietnam’s non-market economy status and its desire to receive market economy status.

India
04 March 2024

India is expected to produce less rice in 2023-24, marking the first drop in eight years, Reuters reported, citing a government statement. Wheat production is expected to increase 1.3% from a year ago. Rice totals are expected to reach 123.8 million tonnes while wheat production is estimated at 112 million tonnes.

04 March 2024

India might lose out to Pakistan in the basmati rice war this year. New Delhi’s shipments of the distinctive long-grain variety of rice are expected to plunge in 2024, as Pakistan offers the staple at lower prices amid a surge in production, according to a Reuters news agency report.

04 March 2024

A formal apology to India has been issued by Thailand, following inappropriate comments made by Thailand’s World Trade Organisation (WTO) ambassador regarding India’s rice export policy. The comments were made during the 13th Ministerial Conference of the WTO in the United Arab Emirates. Phumtham Wechayachai, the Commerce Minister of Thailand, confirmed the apology.

Pakistan
04 March 2024

Farmers on Sunday hailed the newly-elected Prime Minister Shehbaz Sharif's vision to strengthen agriculture sector as it was highly important for uplift of the country's economy. A progressive farmer from Sahiwal, Faisal, while talking to APP here, said that Shehbaz Sharif, during his victory speech in National Assembly, threw light on some plans aimed at uplifting the agriculture sector.

04 March 2024

The wheat crop in villages near the Ravi, located in Kamalia tehsil, suffered damage due to a hailstorm followed by rain on Saturday. Farmers reported losses in citrus orchards and vegetable and fodder crops, caused by large ice balls.  However, other areas in the district received light rain, which local cultivators termed fruitful for wheat and other crops.

04 March 2024

Consul General of Malaysia in Pakistan, Herman Hardynata Bain Ahmad has said that around 10,000 Pakistani products were included in free trade agreement whereas Malaysia has 6000 prod­ucts.

Philippines
04 March 2024

Despite the continuous damage to crops caused by El Niño, the Department of Agriculture assured the public that the Philippines has enough rice stocks to supply the local demands. DA spokesperson Asec. Arnel de Mesa said in a news forum over the weekend that compared to the severe El Niño of 1997 to 1998, the damage to agriculture this year is ‘not that severe.’

04 March 2024

The Department of Agriculture has started an investigation into the alleged illegal sale of 75,000 bags of rice by the National Food Authority to private traders. DA spokesperson Assistant Secretary Arnel de Mesa, in a news forum on Saturday, said the result of the probe will be out soon. “The investigation is ongoing and the panel of investigators is reviewing the documents.

04 March 2024

Headline inflation may have picked up for the first time in four months in February, mainly driven by higher rice prices and electricity rates, according to a poll of top economists. Aris Dacanay, economist for ASEAN at HSBC, said inflation likely went up to three percent in February from an over three-year low of 2.8 percent in January.

Bangladesh
04 March 2024

Matiur Rahman has been forced to slash his annual rice cultivation almost by half due to low rainfall and lack of water for irrigation over the past fifteen years. Rahman, 55, from Kurigram district in northern Bangladesh, used to grow paddy rice in about 70 percent of his 19.80 acres (8 hectares) of agricultural land when he inherited the family property in 2009.

04 March 2024

Consumers' spending on sugar, date, pulses, potato, and onion would be 20.0- 225-percent higher this Ramadan compared to that of last year. Rice prices have also risen by 5.0-6.0 per cent, intensifying owes of the commoners.

04 March 2024

State minister for commerce Ahsanul Islam Titu on Sunday said that the government was trying to create a $5 billion fund for the country’s export oriented industry. ‘The country’s balance of payments will normalise by June. The liquidity crunch for the industry may not be as big as it is thought to be,’…

Indonesia
04 March 2024

Indonesia’s rice output in the harvest period from January to April is expected to drop 17.52% from last year, hit by dry weather that brought a decline of 1.39%, data from the statistics bureau showed on Friday. The Southeast Asian nation produced 31.10 million metric tons of the grain in 2023, Statistics Indonesia said, estimating output from January to April at 10.71 million, down from 12.98 million in the year-earlier period.

04 March 2024

Indonesian state purchasing agency Bulog is believed to have purchased about 300,000 metric tons of rice an international tender which closed on Wednesday, European traders said on Friday. The precise volume bought was unclear but most trader estimates were around the 300,000 ton level, the same as sought in the tender. Some trade estimates were at 307,000 tons.

01 March 2024

Following a significant increase in rice prices, the Business Competition Supervisory Commission (KPPU) has initiated a meticulous investigation to ascertain the presence of cartel behavior among rice traders. Commissioner Hilman Pudjana announced the establishment of a fact-finding team, drawing from both the study and law enforcement wings of KPPU, tasked with scrutinizing the entire rice supply chain, from production to distribution. 

China
01 March 2024

Some Chinese rice businesses have been cheating during yield trials in order to promote their varieties and obtain subsidies, reports Banyuetan, a subsidiary of Xinhua. “In northern China, a business left wide space between rice plants during the sowing season, and transplanted the same varieties grown at the same time elsewhere into test plots shortly before harvest.

01 March 2024

In today’s world, agriculture is much more than just the basic means for human survival, it is a vital driver of global economic stability and progress. The global agricultural industry chain, from seed research and development, cultivation, harvesting, processing, distribution to final consumption, is an intricate network.

29 February 2024

Autumn grain purchases in China's major grain-producing regions have reached 150 million tonnes, exceeding 75 percent of the target amount, official data showed Tuesday. Currently, the peak purchasing period has concluded in south China, while the northern and northeastern regions are stepping up bulk purchases, according to the National Food and Strategic Reserves Administration.

Japan
04 March 2024

The Japanese government has announced that the country’s economy has overcome deflation, Kyodo news agency reported. The government will consider making the statement after taking into account this year’s wage negotiations to check if pay is increasing in accordance with rising prices, according to the report.

04 March 2024

While Japan's food imports increased by 17 percent in the last 5 years, from 62 billion dollars to 73.6 billion dollars, Turkey's food exports to Japan increased by 72 percent in the same period, from 164 million dollars to 282 million dollars. 

29 February 2024

The Japanese government adopted a bill Tuesday to revise the basic law on food, agriculture and rural areas as part of efforts to strengthen food security, which has been shaken by Russia’s invasion of Ukraine. The move will mark the first full-scale revision to the basic law that governs agriculture policy, since its enactment in 1999.

Thailand
01 March 2024

The lowest price offered in the international tender from Indonesian state purchasing agency Bulogto buy about 300,000 metric tons of rice was estimated at $655 a ton cost and freight (c&f) for rice sourced from Thailand, European traders said on Thursday. Initial price offers were submitted in the tender on Wednesday.

01 March 2024

Diplomatic tensions have risen between India and Thailand at the latest rounds of World Trade Organization (WTO) talks. A row erupted on Tuesday (27 February) after Thailand’s ambassador to the WTO reportedly accused India of using ‘subsidised’ rice exports to dominate the global market. The remarks triggered strong protests with Indian negotiators boycotting talks…

28 February 2024

Thailand’s former prime minister Thaksin Shinawatra’s release on parole on Sunday (Feb 18) was the fulfilment of a decade-long dream. His Pheu Thai Party finally succeeded in getting him released after. This success by his Pheu Thai Party came after a political amnesty Bill that his sister Yingluck Shinawatra attempted to push through to bring him home as a free man was swiftly halted by the 2014 military coup. 

Others
04 March 2024

Myanmar’s rice and broken rice exports amounted to US$712 million from over 1.42 million tonnes in the past 11 months of the current financial year 2023-2024 beginning 1 April, comprising 1.343 million tonnes by seaborne trade and over 85,000 tonnes through land borders, as per the Myanmar Rice Federation (MRF).

04 March 2024

The trial planting of Chinese hybrid rice varieties at the Sungai Padi experimental station in Bintangor near here has exhibited highly-promising results. According to Onemas Agriculture Sdn Bhd executive chairman Stephen Sia, the rice planted there has even exceeded the production targets, yielding 11.08 metric tonnes per hectare…

01 March 2024

Malaysia plans to achieve 80% self-sufficiency in terms of white rice production by 2030, Datuk Seri Mohamad Sabu told the Dewan Rakyat on Thursday (Feb 29). "The Agriculture and Food Security Ministry targets to produce 2,030,846 metric tonnes of white rice this year, 2,006,803 metric tonnes in 2025…

04 March 2024

The African Development Bank (AfDB) provides Nigeria with $134 million in support for the cultivation of essential crops such as rice, maize, cassava, and soybeans, aiming to enhance food production.  Dr. Akinwunmi Adesina, the bank’s president, announced on Saturday that $134 million is being allocated to support this initiative, following his visit to the Centre for Dryland Agriculture (CDA) at Bayero University, Kano. 

04 March 2024

AATF and Agri All Africa have signed a three-year Memorandum of Understanding (MoU) to facilitate the access of hybrid rice seeds in Kenya. The two organizations will undertake capacity building for various stakeholders including seed companies, agro-dealers, and farmers in the hybrid rice value chain.

01 March 2024

Drought crisis brought on by El Nino and climate change will affect more than a million households, President Hakainde Hichilema says. Zambia has declared the drought the country is currently going through a national disaster, with President Hakainde Hichilema saying the lack of rain has devastated the agricultural sector, affecting more than one million families.

01 March 2024

The average price of local parboiled rice has surged by 98.47 percent in a year amid paddy scarcity across the country, data from the National Bureau of Statistics (NBS) shows. The NBS Selected Food Price Watch report shows that the average price of 1kg local parboiled rice rose to N1,021 in January 2024 from N514 in the same period of 2023.

01 March 2024

AATF and Agri All Africa have signed a three-year Memorandum of Understanding (MoU) to facilitate the access of hybrid rice seeds in Kenya. The two organizations will undertake capacity building for various stakeholders including seed companies, agro dealers, and farmers in the hybrid rice value chain.

29 February 2024

To mitigate hunger and reduce the soaring prices of food items in the country, the Nigeria Customs Service (NCS), on Tuesday, announced a plan to dispose off forfeited food items to the Nigerians. LEADERSHIP reports that the contrabands seized by officers of the Service and forfeited by the court to the federal government include rice, groundnut oil, noodles, among other commodities.

29 February 2024

Kebbi State government has applauded Wacot Rice Mills Limited for spearheading the Argungu Outgrower Expansion Programme (AOEP) which has helped several rice farmers to come out of the poverty trap. The programme was designed by Wacot in collaboration with USAID and West Africa Trade and Investment Hub to boost rice production in Nigeria.

28 February 2024

Al Jazeera is funded in whole or in part by the Qatari government.

28 February 2024

The February edition of the JRC MARS Bulletin - Global outlook for North Africa highlighted in the western countries of North Africa a cereal yield potential which have been severely affected by drought. In particular, well-below-average crop biomass accumulation was observed in most of the main cereal-growing regions of Morocco and the north-western and central regions of Algeria…

28 February 2024

The Rice Farmers Association of Nigeria (RIFAN), Lagos chapter, has called on the federal and state governments to hold a roundtable with farmers to address food insecurity. RIFAN chair Raphael Hunsa made the call in an interview on Tuesday in Lagos.

04 March 2024

Australia could be heading for its third-warmest summer on record, with many places likely to experience a warmer and drier period than normal from March to May, weather authorities said on Thursday. The weather has a huge impact on crop yields and livestock markets in Australia, a major agricultural exporter, which may adversely affect global food prices amid the persistent inflation and shrinking purchasing power.

01 March 2024

Australia has produced a lot of wheat in recent years, and exporters have done a good job finding markets for it.  Figure 1 shows the growth in wheat exports over the past four years, with the 2023-24 column just for the year to November, hence comparably very low. The largest growth in wheat exports has been in exports to China.

01 March 2024

The Australian Parliament’s Agriculture Committee has today commenced an inquiry into the role of Australian agriculture in Southeast Asian markets and is calling for submissions from interested stakeholders. Committee Chair, Meryl Swanson MP, said the Australian Government has prioritised a deepening engagement with Southeast Asia…

01 March 2024

Australia could be heading for its third-warmest summer on record, with many places likely to experience a warmer and drier period than normal from March to May, weather authorities said on Thursday. The weather has a huge impact on crop yields and livestock markets in Australia, a major exporter of agricultural commodities.

29 February 2024

AUSTRALIA’S livestock industries have reacted angrily to the Albanese Government’s persistence with biosecurity levy legislation today, despite broad industry disapproval. Despite blanket industry disapproval for a revised biosecurity levy model for producers based on the average Gross Value Product of each commodity, the government today introduced legislation to levy the BPL on farmers.

28 February 2024

Negotiations for a free trade deal with the European Union could resume within months after Australia's talks with the bloc hit a stalemate. Discussions for an agreement with the EU failed to make a breakthrough on the sticking point of greater market access for Australia's agricultural products.

28 February 2024

DURING the week, much of Queensland experienced widespread rainfall as a slow-moving upper-level low-pressure system produced heavy rain in northern Qld and a series of troughs brought rainfall to northern, central and southern parts of the state.

27 February 2024

The Grains Research and Development Corporation has announced a new publication will be produced by the Society of Precision Agriculture Australia to help grain growers apply precision agriculture techniques to their farming.

27 February 2024

In the vast, sun-drenched expanse of Australia's grain fields, a new dawn breaks on biosecurity efforts with the launch of a groundbreaking $42.7 million National Grain Diagnostic and Surveillance Initiative. Spearheaded by the Grains Research and Development Corporation (GRDC) and announced by chair John Woods....

27 February 2024

The Cairns Group Farm Leaders (Farm Leaders) have reaffirmed their commitment to agricultural trade reform and reinforced the importance of a rules-based trading system at their meeting this month, ahead of the World Trade Organization’s (WTO) Thirteenth Ministerial Conference (MC13).

04 March 2024

French farmers could stage more protests and blockades in the coming weeks to push the government to deliver on its promises to help the sector, the head of France's largest farming union FNSEA said on Sunday. Farmers across Europe have been protesting for weeks over what they say are excessively restrictive environmental rules, competition from cheap imports from outside the European Union, plus rising costs and low incomes. 

04 March 2024

Polish farmers have initiated a week-long protest along the border with Lithuania, specifically targeting the Budzisko-Kalvarija checkpoint, to voice their opposition to the importation of Ukrainian grain. This protest follows months of blockades at checkpoints on the Polish-Ukrainian frontier , where agricultural workers aimed to prevent the influx of low-cost produce from Ukraine into their markets.

04 March 2024

In our rapidly-paced time of pre-packaged goods, processed food and restaurant-quality deliveries within 30 minutes or less to your door, it is easy to forget those that make it all possible: farmers. All the more so, since throughout the years they have been pushed further and further into the background and finally behind the scenes of the food industry.

01 March 2024

Thousands of farmers marched in Poland’s capital and Spanish farmers cut off traffic on highways near the French border on Tuesday in the latest protests against food imports from Ukraine and the European Union’s agricultural policies. The actions follow similar protests across Europe in recent weeks, and come as the West is experience growing fatigue in helping Ukrainians as they try to push back Russia’s invasion.

01 March 2024

Through February, large areas in key grain producing countries in Europe have continued to receive above-average rainfall keeping soils wet. These include parts of the EU-27’s second, third and fourth largest wheat growers Germany, Poland and Romania.  Conditions also remain wetter than usual for the Scandinavian countries and Finland, along with parts of northeastern France.

01 March 2024

"Don't let us become more like the United States." This was the message from German agriculture minister, Cem Özdemir, regarding the farmer protests that have shaken Germany for months. Farmers spoke out and organized against planned tax hikes on agricultural vehicles and diesel fuel amid a cost-of-living crisis already stressing German life.   

29 February 2024

EU farmers' organisations have welcomed a vote in the European Parliament's Agriculture Committee that called for more robust safeguards against food imports in the context of the European Commission's recent proposal to extend trade liberalisation measures with Ukraine.  At the end of January, the European Commission officially proposed to extend the suspension of import quotas and duties on Ukrainian exports to the EU for another year…

29 February 2024

Ukraine became the twentieth member of the so-called Kern Group, which was created within the framework of the World Trade Organization (WTO) and unites countries that support the liberalization of international trade in agricultural products. This decision was made on February 25 during the 43rd meeting in Abu Dhabi of the ministers of the Kern Group countries, reports RBC-Ukraine.

28 February 2024

The EU should change conditions imposed on farmers to benefit from Common Agriculture Policy (CAP) funding, European Agriculture Commissioner Janusz Wojciechowski said in an interview with French newspapers of the Ebra group. His comments, to be published on Saturday, come after weeks of angry protests by farmers across Europe, who have taken to the streets to decry red tape, green regulations and high costs.

28 February 2024

Ukraine has called on Poland to punish those responsible for destroying 160 tonnes of Ukrainian grain in an attack at a Polish railway station. Kyiv sent a note to Warsaw demanding that the Polish authorities find and punish the guilty, Ukraine’s Deputy Prime Minister Oleksandr Kubrakov said on X on Monday.

04 March 2024

As global dynamics shift, Mexico's agricultural sector faces significant challenges, underscored by a sharp increase in corn imports and a looming fertilizer shortage exacerbated by geopolitical tensions. In January alone, Mexico's corn imports surged to $410 million, marking a significant increase from the previous year's $305 million.

04 March 2024

Contrary to what the video published on TikTok and Instagram claims, it is false that the majority of rice production in Brazil is being sold abroad and that the country may run out of supplies. When Comprova, the Brazilian Rice Industry Association (Abiarroz) stated that around 15% of national production is exported, while the country imports approximately the same amount of grain.

04 March 2024

Argentine farm exports rose to $1.52 billion in February, a 64% jump from the same month last year, oilseed industry and grains export chamber CIARA-CEC said on Friday. The surge in sales, also up 22% versus the previous month, comes as President Javier Milei devalued the peso currency by more than 50% after taking office in December, in a boost to agricultural shipments.

01 March 2024

In 2023, Mexico, the largest importer of U.S. corn, banned the use of genetically modified (GM) corn for human consumption, prompting a trade dispute with the United States. The U.S.-Mexico-Canada Agreement (USMCA) does not mandate GM crop authorization but requires science-based analyses for regulatory decisions.

01 March 2024

Recent rainfall in Brazil has significantly slowed the soybean harvest, causing concerns over the global supply chain. Northern Brazil witnessed favorable conditions, while the southern regions experienced less precipitation, affecting the soybean and safrinha corn crops. This shift in weather patterns has led to a challenging harvesting season, with soybean progress lagging behind previous years.

01 March 2024

Amidst surging inflation and economic instability, Argentina is engaged in discussions with the International Monetary Fund (IMF) to initiate a new program aimed at injecting fresh funds to expedite the country's departure from stringent capital controls.

29 February 2024

In the heart of Havana, a line snakes around the corner of a small, state-owned bakery. The faces of those waiting bear a mixture of hope and resignation, a vivid tableau of Cuba's latest crisis: a severe bread shortage. At the crux of this shortage is a stark lack of flour, with the situation described by official sources as 'complex' and expected to persist until the end of March. 

29 February 2024

Copious rains in the coming days will continue to provide moisture to most of Argentina's agricultural regions, favoring soybean and corn crops planted in the 2023/24 cycle, the Buenos Aires grain exchange (BdeC) said on Wednesday.

28 February 2024

THE BRAZILIAN soybean harvest is progressing well according to last week’s crop update from the country’s National Supply Company (Conab), however, production estimates continue to decline as doubts emerge that production gains in the later sown crops will offset poor output in the early harvested areas.

28 February 2024

For farmers in the Rio Grande Valley, things are getting desperate. Long months of drought, exceptionally hot summers and water scarcity on the Rio Grande have them looking at their fields in despair as options dwindle for keeping the earth productive enough to survive.

04 March 2024

Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday. The attacks by the Iran-aligned Houthis have disrupted global shipping since November and forced firms to re-route to longer and more expensive journeys around southern Africa.

04 March 2024

June drought followed by excessive rain in fall 2023 in Kazakhstan’s major grain growing region in the north is expected to severely cut the country’s wheat and barley production in marketing year 2023-24, according to the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

04 March 2024

The inflation rate for food items is 38%, higher than the annual inflation rate, according to published statistics. A report by the regime’s Jamaran website on February 29 indicated that canned tuna was at the top of the list of items experiencing higher inflation than the annual rate.

01 March 2024

Grain producers in Kazakhstan annually feel the pressure from competitors, primarily from Russia. This occurs both in the domestic market of Kazakhstan and in the markets of Central Asia. This was stated by the head of the Grain Union of Kazakhstan, Nurlan Ospanov. According to him, over the past 20 years, the number of countries importing Kazakh grain has decreased fourfold.

01 March 2024

(VIDEO)Iraq's prized rice crop threatened by drought

29 February 2024

Crude oil futures rose Tuesday amid uncertainty about the prospects for a cease-fire in the Israel-Hamas war and as some investors expect OPEC+ will extend its production cuts beyond the first quarter. The West Texas Intermediate contract for April rose $1.29, or 1.66%, to settle at $78.87 a barrel. Brent April futures rose $1.12, or 1.36%, to settle at $83.65 a barrel.

29 February 2024

Food security remains a key priority for the Organization of Islamic Cooperation (OIC) countries. As in other developing economies, agricultural activities are vital to OIC economies in terms of offering employment and sustaining local food requirements.

29 February 2024

The latest report by IMARC Group, titled“ Saudi Arabia Rice Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 ,“ offers a comprehensive analysis of the industry, which comprises insights into the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

28 February 2024

Iraq enjoys tremendous oil wealth but many hard-scrabble farmers in the north say crude spills have contaminated their lands, piling on pressure as they already battle drought.  Amid the hills of Salaheddin province, puddles of the viscous black liquid pollute the otherwise fertile and green fields, rendering vast swathes of farmland barren.

28 February 2024

The world's trade ministers are set for tough negotiations on Tuesday at a WTO meeting in Abu Dhabi, with fisheries and agriculture taking centre stage. The closed talks will take place on the second day of the World Trade Organization's 13th ministerial conference which is scheduled to run until Thursday but could go into over-time amid divisions.

04 March 2024

Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.

04 March 2024

Since the beginning of the year, key agricultural commodities like corn, soybean, wheat, and rapeseed have seen strong price declines. The only exception has been rice, which has gained just under 5% and with prices maintaining an uptrend, driven in part by export restrictions from India.

04 March 2024

In the south, long and medium grain milled rice steady. Parboiled prices steady. Second heads and Brewers steady. Rice by-products: Rice Bran, Millfeed and Rice Hulls mostly steady. In California, medium grain milled rice steady to weak. Second heads and Brewers mostly steady. Rice by-products: Rice Bran and rice hulls steady.

04 March 2024

Outstanding export sales and exports by country, region and marketing year

04 March 2024

Commodity Futures Price Quotes For US Dollar Index (ICE Futures)

04 March 2024

Latest futures price quotes

04 March 2024

Latest futures price quotes 

28 February 2024

Rice export prices decreased 1-3 percent as the Thai baht weakened.

28 February 2024

Corn and soy complex futures declined Thursday with fresh three-year lows posted on corn and soybean contracts. Ample domestic corn and soybean supplies, growing South American supplies amid improved weather prospects, uncertainty about demand and technical selling brought pressure. Wheat futures were mixed with Kansas City and Minneapolis contracts lower but Chicago contracts posting small gains. 

22 February 2024

Grain futures dropped Thursday after the US Department of Agriculture forecast larger crop inventories for the 2024-25 marketing year amid waning global demand for US supplies. Both corn and soybean futures touched fresh three-year lows. 

01 March 2024

Mexico is preparing to defend its proposed ban of genetically modified corn imports as part of a trade dispute settlement process under the U.S. Mexico Canada Agreement and Iowa Ag Secretary Mike Naig says the Mexican government “doesn’t have a leg to stand on.”

01 March 2024

The USDA published its third trade outlook for fiscal year 2024. Chad Smith has more on what the numbers tell us about the state of U.S. agriculture. The trade outlook for 2024 is unfortunately still showing the United States with a record trade deficit.

29 February 2024

For New York farmer Lorraine Lewandrowski, the near-daily reports of farmers protesting across Europe have raised a burning question. Why not here, in America? As a girl, Lewandrowski sat on fence rails listening to rallies by Stanley Piseck, the leader of a Depression-era milk strike that had slashed the milk supply to New York City.

29 February 2024

At the recent 2024 Arkansas County Production meeting in Stuttgart, agricultural experts provided a comprehensive outlook on the state's crop production, focusing on the significant challenges and changes expected in corn and rice cultivation. The discussion highlighted key issues from the previous year that are influencing future agricultural decisions…

29 February 2024

If is the operative word for 2024 rice markets, says Milo Hamilton, CEO of Firstgrain, an advisory service for the world rice industry. Hamilton and business colleague, John Anderson, an expert in grain hedging with 30 years’ experience in rice marketing, will discuss rice markets at the Mid-South Farm and Gin Show, Saturday, March 2 in Memphis.

28 February 2024

Chicago Board of Trade corn futures rose for a second consecutive session on Tuesday, extending a slight recovery from their lowest levels in more than three years. Soybean futures finished lower after shrugging off earlier gains. Bargain buyers stepped in to the corn market as low prices increased some demand from end users, traders said.

28 February 2024

In a significant move for US agriculture, Cibus Inc., a pioneer in agricultural technology, has teamed up with Loveland Products, a subsidiary of Nutrien Ltd., aiming to revolutionize rice production through advanced genetic innovation.

27 February 2024

On January 31, the U.S. House overwhelmingly passed tax legislation containing provisions of importance to farmers and ranchers in particular and many taxpayers in general. H.R. 7024, known as the “Tax Relief for American Families and Workers Act of 2024,” is scored at nearly $78 billion and contains some retroactive provisions.

27 February 2024

The state of Kansas will spend nearly $16.5 million on 17 short line rail expansion and rehabilitation projects to improve its agricultural supply chain. Funds will be made available through the Kansas Department of Transportation’s Rail Service Improvement Program (RSIP).

26 February 2024

In recent years, American consumers have experienced a sharp rise in grocery prices. Although these price increases have plateaued in the last year, the cost of groceries remains a top concern for American families. In this report, we describe how grocery price inflation has affected different income groups, identify the key items driving grocery price inflation…

04 March 2024

From Europe to India, farmers have taken to the streets in recent months to protest agricultural policies. First, demonstrations erupted across Europe, with farmers forming blockades, dumping manure in cities, and egging government buildings. Now, thousands of farmers have marched toward New Delhi in scenes that recall the mass protests of 2020-21.

04 March 2024

India's recent decision to ban rice exports amid fears of a production shortfall has sent shockwaves through global rice markets, exacerbating concerns about food security, especially in developing countries. This move comes as a response to late monsoon rains, which threaten domestic rice production, a staple food for a significant portion of the Indian population.

04 March 2024

Soybeans, a pivotal crop in global agriculture, have seen their economic and political importance surge, with the U.S. and Brazil at the center of a competitive trade dynamic. The spotlight intensifies as China, the world's largest soybean importer, influences international trade relations. This article delves into the soybean saga, exploring its implications for global trade, agriculture, and geopolitics.

01 March 2024

India meets opposition as it seeks to have temporary dispensation set in stone. Both sides in talks to tackle nearly a trillion dollars in trade-distorting agricultural subsidies were digging in their heels at the halfway mark of a meeting of global trade ministers.  WTO director-general Ngozi Okonjo-Iweala heralded the consolidation of competing proposals for the agricultural talks…

01 March 2024

A rise in incomes and increased appetite for finer products and animal proteins have opened the door for trade opportunities in the Indo-Pacific region. The U.S. ambassadors to the Philippines and Vietnam recently joined USDA Secretary Tom Vilsack for a discussion on the trade outlook in those countries. And the future looks bright.

29 February 2024

Amidst the bustling global grain market, Red Rice emerges as a stellar performer with its market valuation set to leap from US$ 3107.5 Mn in 2022 to US$ 3821.8 Mn by 2029, marking a Compound Annual Growth Rate (CAGR) of 3%.

29 February 2024

A USDA Foreign Agricultural Service chart looking at the growth of India's food imports over the past 15 years. A market analysis shows India has strong potential for U.S. market growth. The U.S. trade ambassador also highlighted tariff declines by India in recent years.

28 February 2024

2023 is a year all players in the agrochemicals industry want to forget. Prices of generic pesticides out of China plunged rapidly during the spring of Northern Hemisphere, leading to anguish, panic and large losses by importers from around the world. It was a perfect storm.

28 February 2024

India will not grant permission to domestic rice exporters to participate in United Nations World Food Program (WFP) tenders, a senior official told Mint, a move that risks stoking global food security concerns. This is the first time New Delhi has taken such a measure, which is yet to be announced publicly.

28 February 2024

Changes in population and income levels will shift food demand and placement of corporate assets, Michael Zerr, long-term model lead, Cargill, Minneapolis, Minnesota, US, told attendees at the opening session of the International Sweetener Colloquium on Feb. 26.

01 March 2024

How you manage farming uncertainty will be even more critical in an incredibly challenging 2024 crop year. Of all the skills needed to successfully farm today, the most important may well be managing uncertainty. And this ability will be even more critical in an incredibly challenging 2024 crop year. 

01 March 2024

BASF and the International Rice Research Institute (IRRI) have entered into a scientific collaboration to reduce greenhouse gas (GHG) emissions from rice production. Running by the name “OPTIMA Rice” (Optimizing Management for Reduction of GHG in Rice)…

29 February 2024

Agriculture, the science and practice of farming plants and animals for food, fibre, and fuel, has sustained and enhanced human life for thousands of years. The past six decades have seen a productive period in agricultural history thanks to the Green Revolution…

28 February 2024

GEAPS Exchange 2024 will be one for the history books, and John Caupert, the new executive director of the Grain Elevator and Processing Society (GEAPS), couldn’t be more pleased. “We’re shattering a number of records this week,” said Caupert, who was hired in November 2023 to lead the organization.

28 February 2024

While Chinese people enjoy the pleasure of harvesting rice, an annoying problem often gets in their way — the leftover rice straw. In 2022 alone, Southwest China's Chongqing, for instance, produced 10 million metric tons of straw, which is nearly on par with its output of grain.

26 February 2024

The first event, organized by Victam Corp. and VIV Worldwide, was held in September 2022 and attracted more than 6,000 visitors. Together the fairs are focused on animal feed, animal health and nutrition, and the grain and rice processing industries.

23 February 2024

Imagine a future where the backbreaking labor of rice farming is significantly reduced, where farmers can seed their fields with the push of a button, and where water, a resource more precious than gold in agriculture, is conserved meticulously. 

23 February 2024

The Burundi office of the International Rice Research Institute (IRRI) and the Institute of Agronomic Sciences of Burundi (ISABU) are jointly working to achieve one of the Great Lakes Accelerated Innovation Delivery Initiative, Rapid Delivery Hub (AID-I GRL) projects’ goals…

22 February 2024

Rice feeds the world. But a look-alike weed has many ways of getting ahead. Weedy rice is an agricultural pest with a global economic impact. It is an aggressive weed that outcompetes cultivated rice and causes billions of dollars in yield losses worldwide. 

22 February 2024

The voluntary carbon offset market will reach $250 billion by 2050 from $2 billion in 2020, according to estimates made by Morgan Stanley. However, awareness of the monetary and environmental benefits associated with carbon credits is low.

Executive Summary

26 February 2024

The TRT will not be published next week on TRT Team Travel & Planning.  Our next publication date will be Mar 11, 2024. 

In quick summary, it has been a very interesting week to say the least with big swings in the market on many levels.  It is clear that the crop coming in from Vietnam is the driving force behind the $50 PMT depression that occurred on the week, which is a rather amazing in that this was against strong rumors that BULOG would be back in tendering for 500 TMT to 1 MMT of rice.

Thought of the week

26 February 2024
Professionals ...

“Being a professional is doing the things you love to do, on the days you don't feel like doing them.”

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