Rice export prices remain unchanged from the previous week. The government announced the details of the new tenders for 42,225 metric tons of old crop rice stocks acquired during MY2011/12 – MY2013/14. These stocks had been previously auctioned off in prior government tenders, but remain unsold due to concerns over quality. The first tender will be on May 10, 2019 for 13,635 metric tons of food quality rice, mostly 5% grade white rice. The second tender will be on May 14, 2019 for (1) feed quality rice of 15,330 metric tons, mostly broken rice; and (2) non-food/feed quality rice of 13,260 metric tons, mostly 5% grade white rice.
Early prospects point to a likely rebound of 2.7 percent in global cereal production in 2019, following a decline registered in 2018. Based on the conditions of crops already in the ground and on planting intentions for those still to be sown, and assuming normal weather for the remainder of the season, world cereal output is forecast to reach a new record level of 2 722 million tonnes (including rice in milled equivalent), that is 71 million tonnes higher than in 2018. Among the major cereals, wheat, maize and barley would account for most of the rise in cereal production, with projected year-on-year increases of 5.0 percent, 2.3 percent and 5.4 percent, respectively. Global rice production is likely to remain close to the 2018 all-time high.
For 2019/20, global corn production is projected up with larger area in many countries. For key exporters, crops for Argentina and Brazil are projected at record levels, while Ukraine and the United States reach nearrecord crops. Global consumption continues to outpace production driven by higher feed use, particularly for growth in poultry production. Corn for non-feed use also expands, primarily driven by growth in China. With larger consumption, global trade is expected to expand. Global ending stocks are projected down at the world level as a decline in China more than offsets stock-building outside of China.
USDA estimates Brazil’s 2018/19 cotton production at a record 12.8 million 480-lb bales, up 1.0 million bales (8 percent) from last month, and up 3.6 million bales (39 percent) from last year. Harvested area is estimated at 1.6 million hectares, up 2 percent from last month and up 36 percent from last year. Yield is estimated at a record 1,747 kilograms per hectare, up 7 percent from last month and surpassing the prior record (2017/18) by 2 percent. Higher prices and two prior seasons of record yields encouraged producers to plant a record area. Eighty-eight percent of Brazil’s cotton is produced in Mato Grosso and Bahia, where planted area is up 35 percent and 26 percent, respectively. Favorable weather throughout the region has increased yield prospects. Harvest of the earliest planted cotton in the southernmost growing areas has begun, but most of the main cotton region will be harvested from June to August.
Australian wheat production is forecast at 20 million metric tons (MMT) for 2019/20 while barley production is forecast at 8 MMT, with some growers likely to switch to other crops, such as wheat. Prospects for barley plantings are likely to be affected by China’s ongoing anti-dumping case. Sorghum production is revised downwards to 1 MMT in 2019/20 while rice production is forecast to increase to 220,000 metric tons in 2019/20 as beneficial rains and lower water prices are expected to return.
Up to one million plant and animal species face extinction, many within decades, because of human activities, says the most comprehensive report yet on the state of global ecosystems. Without drastic action to conserve habitats, the rate of species extinction — already tens to hundreds of times higher than the average across the past ten million years — will only increase, says the analysis. The findings come from a United Nations-backed panel called the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES). According to the report, agricultural activities have had the largest impact on ecosystems that people depend on for food, clean water and a stable climate. The loss of species and habitats poses as much a danger to life on Earth as climate change does, says a summary of the work, released on 6 May.