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Balanced Reporting. Trusted Insights.
Friday, September 22, 2023
U.S. Trade Representative Katherine Tai will be arriving in New Delhi Saturday for bilateral talks with Indian trade officials as the government there continues its controversial ban on rice exports.
Haiti is the largest foreign market for U.S. milled long grain rice and the escalation of gang violence there is threatening the ability of the U.S. to export grain to the country.
People in some of the poorest and hungriest nations in the world may be the hardest hit by India’s decision last month to ban exports of long grain, non-basmati rice – a move that’s already pushing global prices higher and forcing import-dependent countries to scramble to find supplies, according to analysts and trade data.
India says its latest ban on rice exports is an effort to fight domestic food inflation, but the U.S. rice sector says the measure will add large quantities of cheap grain to the international market and push down prices that American farmers get for their crop.
A new Agriculture Department report projects the nation’s corn producers will still be able to top 15 billion bushels of nationwide production even as stretches of the heartland face dry weather that will lower yields.
The House Agriculture Committee is considering raising reference prices based on a commodity’s relative input costs, an approach that could benefit some southern crops over commodities such as soybeans and corn.
Rice producers can start signing up next week for $250 million in special payments Congress provided to shore up grower income after lackluster returns in 2022.
Declining prices for cereals and vegetable oils helped drive world food commodity prices down for the 12th straight month, the Food and Agriculture Organization of the United Nations said Friday.
U.S. farmers are going to be producing and exporting a lot more grain and oilseeds for their respective 2023-24 marketing years, according to new forecasts released Thursday at USDA’s annual Agricultural Outlook Forum.
