TRT Market Reports

Uba Godwin of Global Trust Ventures Limited, Lagos said the demand for rice is very high in Nigeria, with over 70 percent of the total projected population (200 million Nigerians) noted as daily consumers of the product.

Katsina State Government in partnership with Korean multinational organisations has commenced the implementation of a memorandum signed by the parties to boost rice farming and livelihoods in localities.

Olam Agri was voted the “Best Company in Agri-Business” at the Association of Ghana Industries’ 11th Ghana Industries and Quality Awards 2022.

Leading investors from the Republic of Ghana that established the Asian African Corporation have asked Thailand to transfer its sufficiency economy knowledge to help promote west African country’s agricultural...

Zimbabwe could soon embark on large-scale Nerica rice production, amid indications by Japanese experts that they are willing to work with Agricutural.

A Financial and Economic Policy analyst, Senyo Hosi, has suggested to the government to introduce a “Rice Development Levy’ in a bid to increase rice production in the country.

Jospong Group of Companies (JGC) has entered into partnership with major rice industry players in Thailand to develop an integrated rice farming project.

Olam Agri asserted its position as market leader in the agri-business of Ghana when it was voted Best Company in Agri-business at the Association of Ghana Industries’ 11th Ghana Industries and Quality Awards 2022 held in Accra at the weekend.

Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, has blamed the rising cost of food and other items on inflation and the lingering effects of the COVID-19 pandemic.

The Government of Kuwait announced the disbursement of CFA13 billion to support the development of the rice sector in the Far North.

Led by higher volumes and strong global demand for Australian commodities, GrainCorp achieved record-breaking net profits after taxes of A$380 million (US$257.6 million) on earnings of A$703 million (US$447 million) in fiscal year 2022.

While Australia is anticipating a third straight bumper wheat crop that could help ease global food shortage fears, incessant rains in eastern Australia may hurt overall quality, raise prices and worsen a shortage of the high-grade variety used to mill flour for bread and noodles, Bloomberg reported.

GrainCorp expects to still be handling crop receivals from this season's whopper rain-delayed harvest into late February or March, including significant feed grade wheat volumes destined for export.

The Vietnam Trade Office in Australia is deploying a wide range of promotional activities from October 23 to November 15 in a bid to introduce Vietnamese goods in the demanding Australian market.

Up to 1.5 million households in the Mekong Delta provinces of An Giang, Kien Giang, and Dong Thap will receive training on the adoption of sustainable rice-farming practices and rice quality improvement, as part of a project kick-started on Wednesday.

Planting of the 2023 calendar year rice crop is traditionally due to begin this month, but with the constant wet weather experienced during the first fortnight of October, many growers are having a delayed start to the season.

Australia’s Grains Research and Development Corp. (GRDC) is investing A$20 million into infrastructure that builds long-term research capacity and supports profitability for the nation’s grain growers.

The NHVR has advised of new changes it says operators who transport grain in NSW and Victoria should be aware of.

Grain growers in Western Australia are eyeing off another bumper harvest that could rival last year's record-breaking crop.

CBH Group’s recent equipment upgrade at its Esperance Terminal has resulted in grain throughput increases of about 10%, the company said. The upgrade involved installing a new pre-cleaner, a key component in the ship loading process.

A deal is "quite close" to resume Russian ammonia exports via a pipeline to a Black Sea port in Ukraine, U.N. aid chief Martin Griffiths told a Reuters NEXT event on Wednesday, stressing that it was "almost more important" than ensuring grain exports.

Ukraine is interested in extending the Black Sea Grain Initiative by at least one year, the Infrastructure Ministry reported Monday.

Russia plans to extend the ban on the export of rice for the first half of 2023, according to the government draft decree posted on the website for the preparation of legal acts.

Fifty percent more Ukrainian grain is moving via Poland monthly compared to the middle of the year, Reuters reported, citing Poland’s infrastructure minister.

Exports of Ukraine's grain will not reach 3 million tonnes in November as Russia tries to limit ship inspections at ports, Ukraine's Infrastructure Minister Oleksandr Kubrakov said late on Sunday.

The UN Secretary-General issued a statement on November 2 warmly welcoming Russia’s decision to resume its participation in the Black Sea Grain Initiative.

As part of the Grain from Ukraine initiative, up to 10 ships carrying cereals can be sent from Ukraine to the world’s poorest countries every month.

Exports of Ukrainian grain will not reach 3 million tons in November as Russia tries to limit ship inspections at ports, Ukraine's Infrastructure Minister Oleksandr Kubrakov said late Sunday.

Ukraine has launched the 'Grain From Ukraine'' scheme on Holodomor Memorial Day, the Kyiv Independent reported on November 27.

Ukrainian President Volodymyr Zelenskiy hosted a summit in Kyiv with allied nations on Saturday to launch a plan to export $150 million worth of grain to countries most vulnerable to famine and drought.

The company said on or around March 21 it experienced a network intrusion that affected a limited number of systems. Columbia Grain immediately took steps to secure its network and engaged a third-party firm to investigate the incident.

As India, the world leader in exports restricts rice shipments, Brazil signaled at the World Trade Organization (WTO) that together with Mercosur partners, it is ready to expand exports and help with global food security.

Soybean production in Argentina in the 2022-23 marketing year is forecast to rise 15% to 48 million tonnes, according to a report from the Buenos Aires Grain Exchange.

Persistent drought conditions in Argentina, described by weather and agricultural experts as the driest in three decades, have farmers starting to abandon some lots of wheat, Reuters reported, citing the major Buenos Aires grains exchange.

“No one has eaten it in two days,” laments Luciano, a resident of the San Luis de Sancti Spíritus neighborhood, while showing some neighbors on Friday morning the rationed bread. In the midst of the wheat flour deficit, state bakeries in several areas of this city must add up to 20% of husked rice waste to the dough, a mixture that gives it a sandy texture and sour taste.

Summer is already over in the Northern Hemisphere and what a season it was this year. The greatest worry over dryness was in North America, but it turned out that Europe was driest and lost the most crop yield.

While uncertainty remains over the likelihood of Mexico following through on a ban of genetically modified corn, agriculture officials and trade groups are continuing discussions with Mexican leaders to show the negative impacts of such a ban.

The first forecast by the National Supply Company (Conab) for Brazil’s 2022-23 grain and oilseed harvest projects total production of 308 million tonnes, up from this year’s estimated total of 272 million tonnes. Conab foresees rising output for corn, soybeans and rice. 

Amid worry over pesticide residue in rice, Agriculture Minister Zulfikar Mustapha says the product is monitored by food seevral bodies locally to ensure safety standards are met.

The Ministry of Trade, Commerce, and Food Security says that there will be NO rice shortage in the country for the next few days.

Farmers are abandoning their famous amber rice as Iraq grows hotter and drier with climate change, risking more hunger and unrest.

The world's largest importer of wheat is feeling the pain of both climate change and the war in Ukraine.

Saeed Rad said that this year, with a 60 percent increase in the purchase of domestic wheat, the import of wheat decreased by 40 percent.

Iran has stopped giving orders for Basmati Rice and premium orthodox tea. Iran is India's largest export market for Basmati rice. Basmati Rice exports were picking up after a two year dull which was impacted due to Covid-19 and US elections.

It's late in the evening in the Comorian capital of Moroni but the city's port is filled with eager faces.

Kabul witnesses a slight drop on prices of food products – including rice, flours, and oil among others – which over the past months have seen its highest due to the political uncertainty and economic collapse.

Imports of basmati and parboiled still flow in smoothly from India, UAE traders say

Iraq intends to plant 750,000 hectares of wheat in 2022-23, an increase from the previous season, Reuters reported, citing an agriculture ministry official.

Climate change, a faltering economy and residual security issues have decimated Syria's 2022 grain crop, leaving the majority of its farmers in a precarious position, the United Nations Food and Agriculture Organization (FAO) said.

Investors from Israel are eyeing potential business ventures in the Philippines’ (ICT) information and communications technology, agriculture and water sector, citing future opportunities as the Southeast Asian country’s economy bounces back from the pandemic.

The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades

Export prices increased 2 percent as foreign buyers continued seeking Thai rice

Post forecasts 2022/2023 corn production at a record 126 million metric tons (MMT) based on the growing demand and price for corn both in domestic and international market. This is up 8.6 percent on the 2021/2022 production estimated at 116 MMT.

Post forecasts Burmese rice exports lower in November. Despite the contracted shipment to Bangladesh, slow demand from African countries and high domestic prices will lead to lower exports in November.

Export prices remain unchanged as the strengthening of the Thai baht offset reduced domestic prices.

Net sales of 290,300 metric tons (MT) for 2022/2023 primarily for Mexico (68,400 MT, including decreases of 12,000 MT), Japan (62,600 MT), Chile (60,000 MT), Thailand (51,500 MT), and the Philippines (33,100 MT), were offset by reductions for Nigeria (12,000 MT). 

Data for Week Ending November 3, 2022

U.S agricultural exports in FY 2022 was thanks in part to record sales of these top commodities

The arrival of the new crop in some major exporters as well as the rise in the US dollar against most currencies internationally has triggered an easing in prices in many sectors of the rice market.

This report covers food and agricultural import regulations and standards in the United Arab Emirates. U.S. agricultural suppliers are advised to consult with local importers prior to shipping to verify application of this tax on their products.

"Rice Cracker Market" New Research Insights Report 2023 | [ Rice Cracker market size was valued at USD 6279.08 million in 2022 and is expected to expand at a CAGR of 5.79% during the forecast period, reaching USD 8803.85 million by 2027 ].

Soaring grain and livestock prices are expected to push U.S. farm incomes to a historic high this year, as producers benefit from strong global grain and oilseed demand amid tight supplies, the U.S. Department of Agriculture reported on Thursday.

This year I harvested my 25th rice crop. I don’t want it to be my last. I’m not being dramatic – we’re all in a lot of trouble.

The Maui Hotel & Lodging Association distributed 16,800 pounds of rice throughout Maui County this November as part of its 15th annual Rice for the Holidays event.

Maui Hotel and Lodging Association distributed 16,800 pounds of rice to Maui County this month.

The article also mentions the impact lower crop yields has on farmworkers. By definition migrant farmworkers are migrants, moving on to the next agribusiness as seasons or conditions change.

It is my belief that soybean futures ended at the highest levels in over two months behind a rally in soymeal, further indications of strong demand and concerns adverse South American weather may crimp yield prospects.

Cargill has announced it will add the Owensboro Grain Company (OGC) to its North American ag portfolio.

In August, the supply ministry mandated that farmers must supply one ton of barley rice for every feddan cultivated with rice, which amounts to 25 percent of a typical 3.5 to 4-ton yield, to regulate the trade in local barley rice during the current season.

Last week, USA Rice debuted its latest craft beer collaboration to the Washington, DC, market with a crisp rice-based lager, made in partnership with local brewery Hellbender Brewing Company.

The United Nations food acency’s world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia’s invasion of Ukraine

The world is facing a global food crisis like none other, with food prices at historic highs, supply chains disrupted by war and disease, and climate change threatening harvests in virtually all geographies.

But the benchmark FAO index is up over 5% year on year

Food supply, already squeezed by shortages in wheat, corn and cooking oils, is at risk of even more disruption, this time from the rice market.

India, the world’s biggest rice shipper, levied a tax on some exports to secure domestic supplies after planting shrank, a move that could further rattle global food markets and worsen the hunger situation.

The United Nations food agency’s world price index dell for a fifth month in a row in  August, further from all-time highs hit earlier this year, as a resumption of grain exports from Ukrainian ports contributed to improved supply pospects.

Climate change could have more of a negative impact on low-latitude countries than on high-altitude countries, further widening the gap between the fortunes of wheat farmers in developed countries and wheat farmers in developing countries, according to research from China published Aug. 19 in the journal One Earth.

Global total grains production and consumption in the 2022-23 marketing year were revised downward by the International Grains Council (IGC) in its latest monthly grain market report released on Aug. 18.

LP INFORMATION recently released a research report on the Rice Climate Chamber analysis, which studies the Rice Climate Chamber industry coverage, current market competitive status, and market outlook and forecast by 2026.

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labour shortages and lockdowns in China, a new industry forecast shows.

Factory output fell widely last month as slowing global demand and the impact of China’s COVID-19 lockdowns weighed, although the downturn eased in Europe and activity in India actually picked up, surveys showed on Thursday.

China is deploying both domestic and overseas energy resources to ensure stable supplies for winter heating, while further optimizing the country’s energy mix to enhance supply security amid a complex international energy situation, and officials stressed on Wednesday that energy supply remains sufficient and stable.

Corn import demand from Asia, especially Southeast Asia, is likely to stay largely unchanged in 2023, as a stronger US dollar and worries over the pace of economic growth will limit the purchasing power of consumers, US Grains Council Vice President Cary Sifferath said.

Ready to Eat Rice Market" size is projected to reach Multimillion USD by 2027, In comparison to 2023, at unexpected CAGR during 2023-2027 and generated magnificent revenue.

China is softening its tone on the severity of COVID-19 and easing some coronavirus restrictions even as its daily case toll hovers near record highs, after anger over the world's toughest curbs fuelled protests across the country.

Not a single container ship waited offshore of the ports of Los Angeles or Long Beach on Tuesday. It was the first time the queue had gone to zero since October 2020, in the early days of the COVID-era consumer boom.

The Baltic Exchange’s dry bulk sea freight index touched a one-week high on Thursday, propelled by stronger demand across vessels segments.

The first shipment of Brazilian corn has started its voyage to Guangzhou, China after MV Star Iris, laden with 67,000 mt of corn, sailed from the Brazilian port of Santos at about 5 pm local time Nov. 23, according to shipping website Kpler.

With Mariah Carey emerging from hiding, Christmas trees being put up, sleigh bells ringing, and the Orchard Road stretch now a few megawatts brighter, the season to be jolly has well and truly arrived.

Looking for something new and exciting this holidays? Colonel up your holidays with KFC’s OG power couple, Kathryn Bernardo and Daniel Padilla, and celebrate Christmas the KFC way!