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FAS/Nairobi forecasts an increase in Kenya’s corn, wheat and rice production in the marketing year (MY) 2017/2018 mainly due to a recovery from the effects of the severe drought conditions....
Export prices declined one to two percent due to the weakening of the Thai baht and anticipation for the upcoming tender for feed-quality rice stocks, which will be issued on March 23.
Given the competitiveness of U.S. corn, wheat and rice prices, Japanese demand for these grains has remained strong.
South Africa should return to being a net exporter of corn in the 2017/18 MY and 2016/17 MY on higher production.
MY 2017/18 wheat imports are forecast at 11.5 million metric tons (MMT).
Excessive rains caused by a coastal El Niño are causing flooding and landslides throughout Peru.
Wheat imports are forecast to rise 650,000 tons to 5.5 million tons in market year (MY) 16/17 and increase to 5.65 million tons in MY 17/18 due to an expanding population, economic growth ....
Corn future and spot prices have dropped to their lowest levels in six years.
FAS/Nairobi forecasts an increase in Kenya’s corn, wheat and rice production in the marketing year (MY) 2017/2018 mainly due to a recovery from the effects of the severe drought....
The recovery of MY2016/17 and MY2017/18 rice production as well as the sale of government rice stocks should maintain Thai rice export competiveness in 2017 and 2018.
During the week of February 25-March 3, 2017, export rice prices increased about $5 for all broken rice qualities.
Grain production is expected to return to average levels in marketing year (MY) 2017/18, given normal weather after higher wheat and corn production and lower sorghum production in MY 2016/17.