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Export prices of white and parboiled rice further declined by 1 to 2 percent while prices for fragrant rice continued to increase.
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.
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.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
South China’s Agricultural Imports Reach New Record…Upcoming opportunities for U.S. exporters to meet with South China wood product and bakery ingredient importers…
Winter conditions have caused historic snowfall and record-low temperatures across East China.
Despite the further strengthening Thai baht, export prices of white rice declined 1 percent due to no new inquiries.
Korea continues to meet its mandatory import volume of 408,700 metric tons (MT) from Most Favored Nation (MFN) countries, with purchases of 138,610 MT (milled) from the United States in CY 2017.
On December 26, 2017, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....