Global Rice News

Pork, Rice Export Sales Hit Marketing Year Lows

The USDA’s latest report shows that U.S. export sales were slow during the week ending April 11th. Both pork and rice hit marketing year lows, while wheat and sorghum had net reductions. However, corn and soybeans saw an increase despite heavy competition from other sellers. Beef and cotton also showed improvements week to week. The USDA’s next round of supply and demand estimates will be released on April 18th.

Slow Rice Sales

Rice sales were at a low of 5,900 tons, marking an 88% drop from the previous week and a 94% drop from the four-week average. Mexico purchased 1,700 tons and Guatemala bought 1,000 tons. Rice exports for this year are currently at 7,926,300 tons, compared to 1,733,400 tons last year. There were also sales of 9,500 tons for 2024/25 delivery to Mexico.

High Corn and Soybean Sales

Corn sales were reported at 501,200 tons, reflecting a 54% increase from the previous week and a 45% decrease from the four-week average. Colombia purchased 273,700 tons and Mexico bought 87,700 tons. In total, corn exports for this marketing year are 1.759 billion bushels, compared to 1.498 billion last year. Sales of 65,000 tons for 2024/25 delivery were made to unknown destinations.

Soybean sales were pegged at 485,800 tons, which is a 59% increase from the previous week and a 62% increase from the four-week average. China picked up 131,000 tons and Mexico purchased 84,500 tons. So far this year, soybean exports are 1.517 billion bushels, compared to 1.841 billion last year. Sales of 263,200 tons for 2024/25 delivery were primarily made to unknown destinations and Taiwan.

Other Export Sales

Wheat had a net reduction of 93,600 tons and sorghum had a net reduction of 1,800 tons. Beef sales showed an increase of 30% from the previous week, while pork sales decreased by 54%.

For more information about the rice export market, visit rice exporters.

Source: Brownfield Ag News