World: Overseas agriculture-related information express

Published 2024년 1월 2일

Tridge summary

1. India's ban on the export of rice other than high-grade rice has caused international rice prices to increase significantly, reaching a 15-year high in December. This has had a major impact on Asia, where rice demand accounts for 80% of the world's demand and food consumption is double that of developed countries.
2. Argentina's beef production, domestic consumption, and export volume are all expected to decrease in 2024, with production forecasted to be 3.024 million tons, a year-on-year decrease of 7.9%.
3. Myanmar has exported more than 1.5 million tons of corn in 2023, with Thailand being the largest export destination. Myanmar's corn planting area is around 485,600 hectares, with 60% of the output used for export to earn foreign exchange.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

1. According to recent news from the U.S. Department of Agriculture, India, which accounts for 40% of global rice exports, has banned the export of rice other than high-grade rice since July this year. This move caused international rice prices in December to be four times higher than at the beginning of the year, reaching a 15-year high. Asia's rice demand accounts for 80% of the world's rice demand. The rise in rice prices has a huge impact on Asia. Asia has become the center of global food inflation, with food consumption accounting for 30-50%, more than twice that of developed countries. 2. According to a recent report on the website of Argentina’s National News Agency, the Rosario Grain Exchange predicts that Argentina’s beef production, domestic consumption and export volume will all show a downward trend in 2024. Argentina’s beef production is expected to be approximately 3.024 million tons in 2024. A year-on-year decrease of 7.9%; beef consumption was approximately 2.2 ...

Source: Foodmate