Browse Data and Analysis

Rice export prices remain unchanged as traders are waiting for the sale of the government retenders for the remaining rice stocks on August 29-30.

MY2018/19 rice and corn production should increase due to expanded acreage and favorable weather conditions.

Rice export prices declined around 1 percent due to a lack of new inquiries as traders are awaiting the results of the last government rice tenders in 2018.

The MY 2018/19 Turkish cotton crop now estimated at 550,000 hectares and 920,000 MT (4.2 million bales).

Rice export prices increased 2 to 3 percent in anticipation of new white rice demand from China.

Rice export prices further increased 1 to 2 percent due to the demand for white rice from China and the Philippines.

The total cherry production forecast in Turkey in Marketing Year (MY) 2018/19 is 590,000 metric tons (MT), which is 70,000 MT more than the MY 2017/18 estimate.

Turkey reduced the import tariff on Brans under HS code 2302 from 5 percent to 0 percent according to a governmental decree.

On July 13, 2018, The Ministry of Public Health Notification No. 388 Re: Prescribed Prohibited Food to be Produced, Imported, or Sold, which bans partially hydrogenated oils (PHOs)....

Raisin production forecast in Turkey in MY 2018/19 is 295,000 MT, down slightly from MY 2017/18 due to quality issues from heavy rains during the late spring and summer in the Aegean region.

Rice export prices declined 1 percent due to the lack of new inquiries. Exporters are reportedly fulfilling pending shipments of white rice to the Philippines and Africa.

Domestic and export rice prices remain unchanged. Exporters are currently fulfilling pending rice shipments to Africa and the Philippines.