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Production for marketing year (MY) 2015/2016 is forecast to be down for wheat, sorghum and rice while the corn production forecast remains unchanged.
News on Developments in Agriculture and Food in Egypt.
2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), but consumption is down slightly due to higher prices.
Export prices increased 2 to 4 percent mainly due to new export inquiries and tighter domestic supplies.
In response to the country’s worst drought in decades, Ethiopia is expected to import a record 2.5 million metric tons of wheat during MY15/16, which is more than double the amount from last year.
For MY 2015/16, FAS Rabat revised post’s estimate for wheat imports from 2.8 million MT to 3 million MT.
Taiwan published their 2016 Simultaneous Buy and Sell (SBS) rice tender. The US level remains unchanged at 35,600 MT.
The Vietnam MY2014/2015 rice export is revised up from 6.3 million tons to 6.5 million tons, due to unexpected demand from Vietnam traditional markets at the end of calendar year 2015.
Export prices remained unchanged as traders wait for market conditions to improve.
The new implementation period for a law on poultry feeding which would impact the Turkish poultry sector was going to start on January 1, 2016, but it has now been postponed for one year.
Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains.