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Corn production and area harvested were pared down in MY14/15 and MY15/16 to reflect the effects of prolonged dryness bought about by the El Nino weather disturbance.
Export prices declined around 1 to 2 percent as new supplies of main-crop rice entered the market.
Export prices declined around 1 percent due to the sales of government stocks. The Thai Government sold 246,793 metric tons of its rice tender issued on September 8.
On August 17, 2015, the Ministry of Agriculture (MoA) revised the Indian crop year (ICY) 2014/15 (July-June) grain production estimate to 252.7 million metric tons (MMT).
Export prices declined around 1 to 3 percent in anticipation of the sales of government stocks and continued weakening of the Thai baht.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Despite El Nino, MY 2014/2015 (January-December 2015) Vietnam rice production is expected to have a slight increase in paddy volume.
Export prices for nearly all grades of rice, except fragrant rice, declined further from the previous week’s level due to continued weakening of Thai baht.
Estimated milled rice production in Myanmar for MY 2015/16 has been reduced by 400,000 metric tons from the MY2014/15’s level due to flooding in late July and early August.