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FAS/Moscow increased its July 2016 grain production forecast by 6.8 million metric tons (MMT) to 114.5 MMT.
Post’s (MY) 2016/17 corn and sorghum production estimates have been revised downward from USDA/Official forecast due to smaller than previously estimated planted area and irregular weather conditions.
Export prices further declined one to two percent as the government is expected to sell around 0.9 million metric tons from through tenders on August 29-30.
MY2016/17 rice and corn crops are in good condition despite the planting delay as precipitation has returned to normal.
Japan’s current renewable energy policy focuses on generating power from solar, wind, and geothermal sources. Imports of wood pellets have been increasing for thermal power generation.
The Ministry of Food, Agriculture and Livestock (MinFAL) announced a draft Turkish Food Codex Communiqué on Rice which allows for up to a five percent threshold for unintentional blending, up from...
Export prices continued to decline five to six percent due to competition from Vietnamese rice and the anticipated sales of government’s rice stock tenders for one million metric tons which will be...
Export prices declined two to four percent in anticipation of the sales of government stocks and the harvest of new-crop rice in the next couple of weeks.
n MY2016/17, the UAE’s wheat consumption is forecast to reach 1.03 million metric tons (MMT) of which only 5,258 metric tons (MT) will be imported from the US.
Export prices declined one to three percent due to lack of new inquiries.
Post’s marketing year (MY) 2016/17 (May/April) rice production is forecast marginally lower at 34.51 million metric tons (MMT) on estimated lower planting (11.7 million hectares).
Sufficient and well distributed 2016 monsoon rains have supported planting of fall/early winter harvested kharif crops (rice, corn, and other coarse grains).