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Export prices declined around 1 percent in anticipation of the government’s announced tender of approximately 1 million metric tons.
MY 2014/15 wheat consumption and imports remain unchanged at 3.7 million and 3.9 million tons respectively.
Over late 2014, prospects for Australian winter grains crops worsened as a result of continued dry weather. Both yields and the volume of production were affected.
Export prices remain unchanged due to quiet trading while traders are waiting for new tender of government’s rice stocks which may take place by the end of January 2015.
Bill C-48, a bill to modernize the Canada Grain Commission, proposes some changes to the Canada Grain Act that will help level the playing field for U.S. farmers delivering to Canadian grain elevators
Post continues to estimate wheat production for 2014/15 at 12.5 million tons, 500,000 tons higher than USDA, on 4.2 million hectares, 100,000 hectares higher than USDA.
2014 saw near-record imports of U.S. agricultural products into Taiwan, valued at $3.79 billion (based on Taiwan customs data).
On December 24, 2014, Taiwan awarded partially 9,100 MT of the first 2015 U.S. rice Country Specific Quota (CSQ) Simultaneous-Buy and Sell (SBS) tender.
The UK is a strong proponent of more efficient and effective regulation of genetic engineering within Europe.
The Government of Ethiopia (GOE) and major relief food aid agencies are mobilizing resources to procure corn-soya blend (CSB) as part of the drought relief effort.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
Export prices for most grades of rice are basically unchanged from the previous week except for fragrant rice.