USDA, Foreign Agricultural Service:GAIN Reports from May 6, 2022

The following GAIN reports were released on May 6, 2022. _______   Argentina: Sugar Annual Argentine sugar production for marketing year (MY) 2022-2023 is forecast at 1.71 million tons, raw value, practically unchanged from the previous year. La Niña weather conditions have limited sugarcane production over the last two years, and output was affected by a severe winter last year and a very dry and hot summer early this year. Sugar exports are forecast at 250,000 tons, 70,000 tons lower than the previous year because of smaller beginning stocks. Chile and the United States are expected to be the main destinations. Post projects a small reduction in sugarcane produced for ethanol, because at current prices, ethanol production is less profitable than selling sugar in the domestic and export markets.   Thailand: Rice Price - Weekly Export prices of white rice increased 7-8 percent from the previous week despite a further weakening of the Thai baht.   For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.