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Forecast MY2015/16 corn production is revised slightly higher, while forecast rice and wheat production are lowered slightly.
Export prices increased 1 to 4 percent due to foreign buyers’ concerns over the drought situation in main-crop rice growing areas.
Since the Trade Sanctions Reform and Export Enhancement Act (TSRA) was implemented in 2000, the United States has exported nearly $5 billion worth of agricultural products to Cuba.
Export prices declined around 1 percent with results of the tender for 1.1 million metric tons of government stocks still pending.
Export prices declined 2 to 3 percent in anticipation of the sales of government stocks through a public tender for around 1.1 million metric tons on June 15.
MY2014/15 second off-season rice harvest is underway while MY2015/16 main-crop rice cultivation is progressing well.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Export prices are steady this week due to quiet trading as traders await announcement of a new public tender for government stocks and the result of the Philippines’ tender.
As Japan’s Ministry of Finance announced import statistics ending June 2014 for wheat, Post has finalized the 2013/2014 marketing year (MY) import number in its PS&D.
Based on the officially reported data on the progress of the Russian grain harvest, FAS/Moscow increased its forecast of Russia’s total grain crop in MY 2014/15 by 1 million metric tons to 102 MMT.
Export prices declined 1-3 percent due to the seasonal peak of main-crop rice supplies.
Nigeria’s wheat demand continues to rise and is attracting more third-country suppliers of inexpensive wheat. Imports for 2013/2014 have been adjusted to 4.55 million metric tons.