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Harvest is underway for spring/summer crops. The 2017/18 corn production forecast is raised on better yield, improved seed quality and favorable weather during the growing season.
Export prices declined 1 to 3 percent due to a lack of new inquiries.
Despite some flooding, the forecast for MY2017/18 rice production is unchanged at 20.4 million metric tons.
Export prices increased for low quality rice by 15 percent and by 25 percent for broken rice.
Export prices increased around one percent due to the strengthening Thai baht.
FAS Cairo forecasts Egypt’s wheat production in marketing year (MY) 2017/18 at 8.1 million metric tons (MMT).
The market year (MY) 2017/18 wheat production estimate has been revised downward to 3.5 million metric tons (MMT) based on updated official information from the Mexican government.
Post concurs with the official USDA wheat and corn estimates. For rice, MY 16/17 area harvested and paddy and milled rice production were adjusted upwards consistent with updated estimates....
Export prices increased 2-3 percent due to new inquiries for white and parboiled rice. Fragrant rice prices are now above U.S. $1,000/MT.
Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments....
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains.
On August 16, 2017, The Ministry of Agriculture revised the Indian crop year (ICY) 2016/17 (JulyJune) grain production higher to a record 275.7 million metric tons (MMT)....