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- (-) September 2017
- (-) South Africa
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Export prices declined 1 to 3 percent due to a lack of new inquiries.
MY2017/18 sugar production will likely increase to 11.2 million metric tons, up 12 percent from MY2016/17 due to favorable weather conditions.
Despite some flooding, the forecast for MY2017/18 rice production is unchanged at 20.4 million metric tons.
As a result of the historically high corn crop, South Africa returned to being a net exporter of corn in the 2016/17 MY....
South Africa announced a new wheat import tariff of R379.34 per ton on September 8, 2017.
Export prices increased around one percent due to the strengthening Thai baht.
Export prices increased 2-3 percent due to new inquiries for white and parboiled rice. Fragrant rice prices are now above U.S. $1,000/MT.
The Thai broiler industry in 2017 continued to enjoy favorable export growth and profitable export prices.
Export prices increased approximately 1 to 2 percent due mainly to the strengthening of the Thai baht and the delay of the new tender for the remaining government rice stocks.
Post estimates that South African pork imports will increase marginally by about 2.5 percent annually, reaching about 32,000 tons cwe in 2017 and 33,000 tons cwe in 2018.
Export prices for most grades of rice further declined 1 to 2 percent, except for fragrant rice prices which continued to increase significantly.