Browse Data and Analysis

On November 13, 2015, Statistics Korea (KOSTAT) released its revised 2015 rice production estimate of 4.33 million metric tons.

The 2015 U.S. Rice CSQ tender concluded on November 17 after the tender GF4-104-128 for 10,884 MT of U.S. long grain brown rice was successfully awarded.

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Export prices were virtually unchanged from the previous week. The Government will issue a new public tender for non-food grade rice for industrial use by the end of November.

The Government of Ethiopia (GOE) has reportedly completed the process of awarding contracts for the previously-announced 1.0 million metric ton wheat tender.

The Moroccan Ministry of Agriculture announced final cereal production for MY 2015/2016 at 11.5 million MT, which was 69 percent higher compared to the previous year.

Saudi Arabia’s Council of Ministers took a decision on November 9, 2015 to restructure the Grain Silos and Flour Mills Organization (GSFMO) under a new name, the General Organization for Grains (GOG).

Despite the weakening Thai baht, export prices increased 1 percent as G-to-G agreement with Indonesia has been signed and shipments are beginning immediately.

Grain traders are wary of supplying wheat and barley to the government of Jordan, due to the rejection of shipment of 100,000 MT of Polish by Jordan’s Food and Drug Administration.

On November 5, 2015, the Official Gazette published the Biosafety Board Decisions on genetically engineered feed imports.

MY 2015/16 wheat imports are forecast at 11.5 million metric tons (MMT) in line with USDA’s official estimate.

The massive surge in imports of cheaper alternative feed ingredients has significantly impacted feed demand for corn in recent years according to official statistics and industry analysts.