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- (-) April 2016
- (-) Thailand
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Post estimates Vietnam’s wheat imports volume in the MY 2015/2016 at 2.60 million tons, an increase of about 300,000 tons compared to MY 2014/2015 imported volume.
Export prices increased around 1 percent due to the strengthening of the Thai baht and tight domestic supplies.
Export prices increased slightly due mainly to the strengthening of the Thai baht despite quiet trading during the Thai New Year holiday.
MY2016/17 sugar production is forecast to increase moderately to 10 million metric tons while sugarcane production in MY2015/16 is likely to decrease as a result of severe drought.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Post estimates that cotton planted area in Vietnam likely drops to less than 1,000 hectares.
MY2016/17 cotton imports are forecast to increase only slightly from the downturn in MY2013/14.
Export prices increased slightly due mainly to currency fluctuation. Traders are awaiting the result of the food and non-food grade rice tenders, which were issued last week.
Export prices declined 1 percent due mainly to the weakening of the Thai baht.