Browse Data and Analysis

On October 29, Taiwan completed two normal tenders of the 2015 U.S. rice CSQ, GF4-104-115 for 9,000 MT of long grain brown rice and GF4-104-123 for 4,000 MT of medium or short grain rice.

Water restrictions for MY2015/16 off-season rice remain in place as current water supplies available for all uses are far below 2014.

Post revises rice production upward, despite a decline in planted area, based on record average yields of 5.33 MT/ha, due to favorable weather in September.

Dry weather is overruling the lure of high corn prices and producers’ decisions to plant more corn in the 2015/16 MY.

Corn production forecast is 6 MMT in marketing year (MY) 2015. The Turkish Grain Board (TMO) was a very active player in the market in MY 2015.

On October 19th, 2015, the Ministry of Finance issued a notification raising the basic custom duty on imports of wheat to 25 percent (ad valorem on CIF value).

TH5132 – Export prices declined around 1 percent as the rumored G-to-G agreement with Indonesia has not yet been finalized.

Despite an extended El Nino event, Indonesian rice and corn production did not experience significant declines.

On October 22, Taiwan completed a normal tender GF4-104-105 for 4,000 MT of U.S. medium or short grain rice and scheduled another normal tender for October 29.

With MAFF’s strong push to use rice for feed, rice used in compound feed exceeded one million metric tons in MY2014/15 for the first time on record, at the expense of wheat and corn.

The outlook for winter grains production in Australia has deteriorated due to particularly adverse seasonal conditions, including lower than expected spring rainfall and record temperatures.

Mexican sorghum production has been plagued with a serious sugarcane aphid (SCA) infestation resulting in reduced crop yields, harvest efficiency reduction, and in some areas severe crop loses.