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- (-) Milled Grains & Products
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Rice export prices increased 2 percent despite the weakening of the Thai baht.
Post revises China's Marketing Year (MY) 2022/23 feed demand upward by 4.5 million metric tons (MMT) based on recovering demand for hog feed. Rice substitution for corn in feed rations may play a more significant role because of price advantages over corn and other corn substitutes. Post adjusts wheat production in MY2022/23 upward by 2 MMT to 135 MMT based on improved growing conditions.
Rice export prices decreased one percent due to the weakening of the Thai baht.
Rice export prices remain unchanged despite the weakening of the Thai baht.