Commodity & Trade Updates

In response to the anticipated decline, the Thai Rice Exporters Association and the Ministry of Commerce have set a lower export target of 7.5 million tonnes for 2025. This adjustment reflects the expected impact of India’s resumption of rice exports and a stronger Thai baht.

The Turkish Grain Board has noted that the 2025 wheat harvest began in localized regions in May, with approximately 2% of the harvest completed nationwide.

The 2024 ISO 500 report indicates that companies producing flour, pasta, biscuits, and starch are vital for meeting domestic demand for staple foods and supporting export activities.

Rice is the largest U.S. agricultural commodity exported to Iraq and is a key component of the regular food allotments provided by the Iraqi government to its citizens.

This shipment has been third-party verified as deforestation- and conversion-free (DCF) since December 31, 2020.