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Rice consumption continues to decline due to a shrinking population and reductions in per capita consumption.
Typhoons, heavy rains and prolonged high temperatures in the summer of 2018 are expected to negatively affect both the yield and quality of rice and wheat produced in Japan.
Given competitive prices for imported feed grains (particularly for corn) and DDGS, Japanese demand is expected to remain strong in 2017/18, with corn imports again forecast to total 15.2 million MT.
Post's combined estimates of Nigeria's MY2017/18 production for wheat, rice, corn and sorghum is set at about 16.3 million tons, representing a slight drop from the current MY2016/17 estimate....
As a result of favorable weather conditions, 2016 rice production (including feed rice) is estimated to increase slightly despite reduced planting area.
As Japan’s Ministry of Finance announced import statistics ending June 2014 for wheat, Post has finalized the 2013/2014 marketing year (MY) import number in its PS&D.