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MY 2016/17 corn imports are forecast to decrease 200,000 MT to 9.8 MMT due to competitively-priced wheat replacing corn for feed use.
Export prices declined 1 percent due mainly to the weakening of the Thai baht.
South Africa should return to be a net exporter of corn in the 2016/17 MY of about 1.0 million tons on higher production.
According to the FAO, early prospects for Algeria’s 2016 winter wheat and coarse grains crops are favorable benefiting from recent widespread precipitation in eastern Algeria.
Colombian grain production could be impacted in 2016 as the period of drought from the El Niño weather phenomena transitions to rainier conditions of La Niña.
Export prices increased 1 to 2 percent with exporters fulfilling outstanding shipments under the Government-to-Government agreement with China.
Post forecasts a decrease in corn production in Tanzania in the marketing year (MY) 2016/2017 due to unfavorable weather forecast by the Tanzania Meteorology Agency (TMA)...
Forecast MY2016/17 rice and corn production is expected to provide for larger exportable supplies in 2017.
Japan’s feed industry relies almost entirely on imported grains.
Export prices increased around 1 percent due to tighter domestic rice supplies and the strengthening Thai Baht.
FAS/Nairobi forecasts a marginal increase in corn production in Kenya in the Marketing Year (MY) 2016/2017 because of Government of Kenya (GOK) and county governments’ support to farmers.
Wheat imports are forecast to decline to 4.3 million tons in market year (MY) 15/16 (down 16 percent from the previous year) due to ample stocks...