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Despite the sale of around two million metric tons of old-crop food-grade rice stocks this week, export prices increased around two percent as exporters are seeking new-crop white rice...
Export prices further declined one to two percent in anticipation of the sale of all the remaining food-grade government rice stocks on February 16, 2017.
Export prices declined one to two percent due to the sales of government rice stocks associated with the tender for 3.8 million metric tons on July 25.
The planting of the MY2016/17 main rice crop is still 30 percent behind last year. Aggressive sales of government stocks will likely increase Thai rice exports to 9 million metric tons in 2016.
Export prices were steady due to little trading activity during the holiday week.
A World Bank report indicates Senegalese economic growth will continue to accelerate in 2015 and 2016 due to the rebound in the agricultural sector coupled with the end of the Ebola epidemic...
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
2016/2017 wheat production is estimated at 6.7 million metric tons (mmt), up 17 percent from the previous year based on good weather driving better quality.
Corn production is projected to be higher than previous estimates, as farmers shifted production from sorghum to corn due to pest concerns.
For MY 2016/17 (May to April) the rice planted area and production forecast is marginally raised to 11.76 million HA and 34.58 MMT.
Post agrees with USDA’s estimation of Argentina’s 2016/17 wheat production volume (15.0 million tons) and exports (8.6 million tons).
The government of Korea has approved the use of 470,000 MT (milled basis) of rice stocks for feed use in Calendar Year (CY) 2017, a quantity more than five times larger than in CY 2016.