USDA-FAS projects a 6.9% drop in total corn output to 1.35 million metric tons, while milled rice production is anticipated to decline by 6.7% to 1.8 million metric tons.
The purchase comes as part of a broader US$472.5 million initiative authorized under Section 32 of the Agricultural Adjustment Act of 1935 to absorb domestic commodity surpluses, stabilize farm-gate prices, and deliver essential staple foods to low-income families and emergency food networks across the country.
The Basmati and speciality rice segment remained the firm’s largest growth engine, accounting for about 90% of total revenue in the first half of the fiscal year.
Kenya is exploring an Indian agricultural investment model to turn the Bura Irrigation Scheme in Tana River County into a major rice production hub, with a proposed 35,000-acre development projected to produce 78,750 metric tonnes of rice per production cycle.
It covers paddy cleaning, husking, whitening, polishing, optical sorting, grain calibration and packaging of white rice.