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Export prices are declining, particularly for fragrant rice, as the majority of new-crop supplies are entering the market. In response, the government has increased the intervention price...
The National Economic Development Authority (NEDA) announced that the Philippines will not seek to extend the Quantitative Restriction (QR) on rice (which is a domestic support program to help farmers
Rice prices have trended downward as MY2016/17 main-crop rice supplies have begun to enter the market.
News on developments in agriculture and food in Egypt.
Korean ending stocks of rice are revised upward to 1.7 MMT and 1.8 MMT in MY 2015/16 and 2016/17, respectively. Stocks continue to grow as a result of continued decline in per capita rice...
The MY 2016/17 wheat production forecast is revised lower to 87 million metric tons (MMT) based on continued tight domestic market supplies.
Export prices increased one percent due mainly to the strengthening Thai baht. Prices remain under downward pressure despite government measures to keep new-crop rice off the market.
Australian winter crops have benefited from very favorable seasonal conditions, apart from some cases of frost and water-logging damage which are not expected to have a major impact on production...
Ministry of Agriculture Develops Program on Export of Agricultural Products… GOR to Maintain Support for Agriculture at 214 Billion in CY2017…
Post estimates Argentine wheat production for 2016/17 at 14.4 million tons, and exports at 8.3 million tons, both very similar to USDA.
As a result of favorable weather conditions, 2016 rice production (including feed rice) is estimated to increase slightly despite reduced planting area.
Export prices further declined one to two percent due to weak demand even though the first shipment under the government-to-government agreement with China is set to take place next week.