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Export prices further increased 3 to 5 percent due mainly to the demand for white rice from Indonesia.
MY2017/18 corn production is revised up to 5 million metric tons which is 4 percent lower than production in MY2016/17.
Export prices further increased 3 to 5 percent due mainly to the demand for white rice from the Indonesia government.
Commencing February 15, 2018, the Jordanian government is imposing a 20 percent sales tax on 164 items, mostly food and beverage products (including carbonated drinks)....
Domestic and export rice prices did not change from the previous week. The Thai government finalized the sale of 1.96 million metric tons of rice stocks.
For marketing year (MY) 2017/18 (May to April), Post’s estimates for total rice area and production is lowered to 11.3 million hectares and 33.1 million tons (MMT) due to heavy and prolonged rain....
In an effort to tackle food price inflation, Turkey has implemented temporary tariff reductions on rice.
The marketing year (MY) 2017/18 corn production estimate has been revised upward to 26.8 MMT, with harvested area estimated at 7.23 million hectares, reflecting official information....
Post forecast Australian wheat production at 21.5 million metric tons (MMT) for 2017/18 reflecting the late and significant improvement in seasonal weather conditions....
Faced with rising prices and reports of supply shortages in some areas, on January 11 the Minister of Trade (MOT) announced a plan to import up to 500,000 tons of rice.
Argentine wheat production for 2017/18 is increased to 18 million tons, 500,000 tons higher than USDA as final yields have been surprisingly higher than earlier expected.
Export prices increased 4 to10 percent due to demand for white rice from Indonesia and strong demand for parboiled rice.