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- (-) April 2016
- (-) Thailand
- (-) Pakistan
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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.
Pakistan’s marketing year 2016/17 cotton production is forecast at 9.0 million 480 lb bales, an improvement over 2015.
Pakistan’s MY 2016/17 vegetable oil imports are forecast to be a record 3.3 million metric tons, up 9.6 percent from a year ago.
Pakistan’s soon-to-be harvested 2016/17 wheat crop is forecast at 25.3 million tons, marginally higher from last year’s revised production.
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.