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Export prices declined around 1 percent. China agreed to buy an additional 1 million metric tons of Thai rice in 2016. Results for the tender for “rotten” rice have yet to be finalized.
Post’s MY 2015/16 milled rice production forecast has been lowered to 100 million metric tons (MMT) on lower yields due to below normal 2015 monsoon.
Water supplies for dry season are the lowest in history. Farmers continued to plant off-season rice despite a Government ban.
Export prices remained unchanged. Thirteen bidders participated in the first public tender for non-food grade rice for industrial uses on December 1.
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 declined around 1 percent. The Government will issue the first public tender for non-food grade rice for industrial uses on December 1.
On November 13, 2015, Statistics Korea (KOSTAT) released its revised 2015 rice production estimate of 4.33 million metric tons.
The 2015 U.S. Rice CSQ tender concluded on November 17 after the tender GF4-104-128 for 10,884 MT of U.S. long grain brown rice was successfully awarded.
Export prices were virtually unchanged from the previous week. The Government will issue a new public tender for non-food grade rice for industrial use by the end of November.
Despite the weakening Thai baht, export prices increased 1 percent as G-to-G agreement with Indonesia has been signed and shipments are beginning immediately.
Grain traders are wary of supplying wheat and barley to the government of Jordan, due to the rejection of shipment of 100,000 MT of Polish by Jordan’s Food and Drug Administration.
MY 2015/16 wheat imports are forecast at 11.5 million metric tons (MMT) in line with USDA’s official estimate.