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The forecast for MY2017/18 main crop rice production is revised down slightly due to higher than expected flooding damage to fragrant rice.
Rice ending stocks are projected to decrease to 1.7 million metric tons (MMT) and 1.2 MMT in marketing year (MY) 2016/17 and MY 2017/18 respectively, as the Korean government has begun allowing....
For marketing year (MY) 2017/18 (May to April), Post’s estimates for total rice area and production is lowered to 11.3 million hectares and 33.1 million tons (MMT) due to heavy and prolonged rain....
Farmgate prices for rice and corn are under downward pressure as MY2017/18 supplies enter the market.
Russia is harvesting its largest ever grain crop that may exceed 128 MMT according to official reports.
MY 2017/18 milled rice production at 107.5 million metric tons (MMT) on lower than expected planting and yield due to suboptimal weather conditions during critical growth stages....