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In early February, Ethiopia retendered for 400,000 metric tons of milling wheat after canceling an earlier-made contract because the supplier failed to provide the $10 million performance guarantee.
Russia has harvested its largest grain crop in nearly 40 years, exceeding 134 MMT according to official reports and moving Russia into the number one position of global wheat exporters.
Israel is almost completely dependent on imports to meet its grain and feed needs.
Italy is suffering from a severe summer drought caused by low rainfall (80 percent below average in the first half of 2017) and exceptionally high temperatures for most of the year.
Export prices of white and parboiled rice further declined by 1 to 2 percent while prices for fragrant rice continued to increase.
Saudi Arabia’s barley imports for marketing year (MY) 2017/18 are estimated at 8 million MT, about 6 percent lower than the official USDA estimate of 8.5 million MT.
Export prices declined significantly by 5 to 10 percent as foreign buyers are waiting for new supplies of MY2017/18 off-season rice which will enter the market in the next couple of weeks.
With new mature area entering full production and expectations for above trend yields, the 2017/18 palm oil production forecast is maintained at 38.5 million tons, a 5.5 percent increase from 2016/17.
On February 6, 2018, the Government of India (GOI) raised the import duty on chickpeas from 30 percent to 40 percent ad valorem, to curb imports as farmers are set to harvest the local crop....
FAS/Astana’s wheat production estimate for Kazakhstan remains unchanged at 13.5 MMT in MY 2017/2018 (Oct/Sep), and the new forecast for MY2018/19 is down to 13.4 MMT due to a slightly smaller area....
The report lists and describes certificates that should accompany food and agricultural products to Egypt.
Export prices of most grades of rice further declined 2 percent, except for fragrant rice prices which continued to increase due to tighter domestic supplies.