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Wheat consumption in the Dominican Republic (DR) during Marketing Year (MY) 2017/2018 (July 2017/ June 2018) is forecast at 410,000 metric tons (MT), with imports remaining strong at 530,000 MT.
Zimbabwe’s corn crop for the 2017/18 MY is estimated at around 2.2 million tons, up more than 300 percent from the 2016/17 MY’s corn crop of 512,000 tons.
Export prices further declined one percent due to a lack of new inquiries as traders are awaiting the results of the July 25 Philippines import tender.
Reductions in government support to corn production encouraged Chinese farmers to plant more oilseeds, primarily soybeans.
The Netherlands is the second largest soybean and soybean meal importer in world.
Effective July 4, sources indicate Algeria's import licensing regime extended to include several high-value/processed food products, including almonds, hazelnuts, walnuts, pistachios....
The EU increased Ukraine’s annual import quotas for grains, which will allow higher volumes to enter duty free.
News on developments in agriculture and food in Egypt.
Post has lowered its estimate for Australian wheat production to 22 million MT for 2017/18, due to expectantly poor seasonal conditions across almost all cropping areas.
Bangladesh rice production in marketing year (MY) 2017/18 is forecast lower at 34.18 million metric tons (MMT).
Wheat production is forecast at 19.5 million metric tons (MMT) in marketing year (MY) 2017/18 because of high yields, especially in the Southeast and Thrace regions.
Export prices declined to the same price levels as seen in mid-May.