Rice exports from India, the world’s second-largest grower, are poised to slump from a record as supplies from Vietnam, Myanmar and Pakistan widen a global glut, according to the International Rice Research Institute.
Ukraine’s wheat harvest may jump by 43 percent from a year earlier as crops escaped damage from cold weather this winter, a unit of the U.S. Department of Agriculture said. Corn output also will increase.
Weather in southern Russia will be about normal next week, signaling a low risk for crop development at the start of May, a critical period for grain growth, according to the country’s weather service.
Egypt, the world’s largest wheat importer, is poised to increase buying from Russia and the U.S. as it relies more on deals with governments than private trade amid deteriorating finances, according to CHS Inc., which markets 2 billion bushels of grains and oilseeds a year.
Wheat supplies in Egypt, the world’s biggest importer, may shrink as a fuel shortage leaves grain output below a government forecast and the weakening local currency erodes imports, a U.S. report showed.