| The following GAIN reports were released on April 23, 2025. _______ Posts forecasts MY 25/26 cotton production at 6.35 million metric tons (MMT) on stable planted area and a return to normal weather conditions. Imports are forecast at 1.55 MMT and domestic consumption at 8.15 MMT. Post revised up its estimate for MY 24/25 cotton production to 6.81 MMT. MY 24/25 imports are revised down to 1.40 MMT, as a glut of domestic cotton and high MY 23/24 imports are reducing demand for imported cotton. Beijing's imposition of 140 percent tariffs on U.S. cotton will all but stop further imports from the United States. Malaysia relies on imports to satisfy local demand for grain commodities including rice, corn, and wheat. In Marketing Year (MY) 2025/26, Malaysia's rice production is expected to increase slightly due to improved seed varieties, government incentives, and expanded planting areas. Growing snack food manufacturing and bakery industries are projected to lead to increased Food, Seed, and Industrial (FSI) consumption of corn and wheat. Paraguay's wheat exports inn marketing year (MY) 2025/26 are forecast at 550,000 metric tons (MT), edging up slightly from the previous year, supported by a modest expansion in planted area even as yields may decline marginally. Corn exports are projected to fall 12 percent to 2.9 million tons, as rising domestic demand driven by ethanol production and feed consumption use continues to tighten exportable supplies despite flat production at 5.2 million tons. Rice exports are forecast at 790,000 MT (milled basis), holding steady year-over-year. Notably, rice area is expected to reach a record high despite narrowing profit margins as larger well capitalized producers enter the market. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. | 
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