The following Global Agricultural Information Network (GAIN) reports were released on Thursday, March 25, 2021.
Saudi Arabia: Grain and Feed Annual Saudi Arabia's food security strategy is managed by the Saudi Grains Organization (SAGO), and sometime in 2021, they will transfer the barley imports and distribution business back to the private sector. As a result, Post reduced the MY 2020/21 domestic feed barley consumption level by 400,000 metric tons (MT) to 6.8 million metric tons (MMT). Post's reduction is based on discussions with leading feed processors and analysis of SAGO's data. Meanwhile, Post estimates MY 2020/21 Saudi wheat consumption to remain at 3.5 MMT based on data provided by Saudi Arabia as well as fewer tourists in the country due to COVID-19. As for corn, the United States was the third largest exporter to Saudi Arabia and exports increased by 40,000 MT. This trend should continue for the rest of the year. SAGO also estimated that Saudi Arabia consumed 1.2 MMT of rice in 2020, and U.S. rice exports were 116,005 MT, an increase of approximately 14 percent from the previous year.
In marketing year 2021/22, wheat production and exports are forecast up to 980,000 tons and 500,000 tons, respectively, on increased planted area. Corn production is forecast to rise on high prices lowering import demand but raising export volume to 150,000 tons, a peak volume since MY 2012/13. Sorghum production remains small but securing export access to China could alter that situation. Rice acreage is projected to recover to 158,000 hectares, the highest in four seasons. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.
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Friday, March 26, 2021
GAIN Reports from Thursday, March 25, 2021
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