Grains, Feeds and Fodders

FAS Manila revised MY 2022/23 milled rice production downward to 11.975 million MT both because of a 3 percent expected reduction in yields as soaring fertilizer prices result in significantly reduced application and because of the effects of Typhoon Noru (Local name: Karding).

Export prices decreased 1-2 percent due to the further weakening of the Thai baht.

For MY 2022/23, Post maintains wheat and barley planted area forecast, while raising yield forecast on the account of reports that grain harvest and storage operations took place in good conditions. Post forecast MY 2022/23 wheat at 3.3 million metric tons (MMT), and barley at 1.2 MMT.

Private exporters reported the following sales activity to USDA: 105,000 MT of corn for delivery to Mexico during the 2022/2023 MY and 101,600 MT of corn for delivery to unknown destinations during the 2022/2023 MY.

Private exporters reported sales of 257,400 MT of corn for delivery to Mexico - 226,920 MT for delivery during MY 2022/2023 and 30,480 MT is for delivery during MY 2023/2024.

Private exporters reported to USDA export sales of 133,000 metric tons of corn for delivery to China during the MY 2022/2023.