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- (-) March 2015
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Export prices further declined 1 to 2 percent as supplies of new off-season rice continue coming into the market.
Export prices declined 2 to 3 percent due to rumors of large sales of government stocks and the weakening Thai baht over the past week.
MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.
Wheat imports are forecast to reach 3.95 million tons in MY14/15 and to slightly over 4 million tons in MY15/16 due to strong demand as a result of shifting diets of the Philippine middle class.
The Japanese feed industry relies almost entirely on imported grains.
Water rationing measures in Taiwan will impact 2015 rice production by approximately 10%, or 110 TMT.
Indonesian wholesale rice prices grew by 22 percent in February, 2015, while retail prices increased more than 5 percent during the same period.
Export prices continued to decline around 1 percent in anticipation of higher-than-expected sales of government rice stocks.
Export prices declined around 1 percent in anticipation of sales of government stocks in the public tender for 1 million metric tons of white rice.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.