Kazakhstan's wheat and barley production are both forecast to reach near record levels in marketing year (MY) 2025/26. Export levels for wheat will approach last year's record of 10.0 million metric tons (MMT), aided by the government's transportation subsidy and a continued push amongst grain traders to diversify their export markets. Meanwhile, exports of feed flour – made from wheat and barley – to China have boomed during the first quarter (Sep-Dec) of MY 2025/26 and could reach as much as 3.0 MMT by year's end. (Note: Feed flour exports are not included in the wheat and barley PSDs.)
Wheat consumption is projected to increase to 6.8 million metric tons (MMT) in MY 2026/27, with imports estimated at 7.2 MMT, driven by a stable exchange rate and improved consumer purchasing power. Corn faces a challenging outlook with production expected to decline as farmgate prices dropped by 52 percent through December 2025 compared to the prior year. Corn imports are expected to increase due to lower production and a stronger naira, making imports more attractive. Rice production is forecast to decline seven percent to 8.3 MMT as input prices remain high, imports help maintain lower domestic prices, and producers switch to less input intensive crops.
Thai rice export prices softened in early 2026 as stronger currency and intense competition from Vietnam and India, combined with slower seasonal demand, encouraged buyers to postpone purchases in anticipation of lower global prices.
No comments:
Post a Comment