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For marketing year (MY) 2015/16 (May to April), Post’s estimate for total rice area and production is unchanged at 11.8 million hectares and 34.8 million tons.
Thai rice exports are revised down to 9.0 million metric tons in anticipation of tighter exportable supplies of new-crop white rice & limited availability of good old-crop rice in the government stock
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Export prices declined 1 to 3 percent due to the weakening of Thai baht.
Post expects wheat, corn and rice imports to be tight due to the lack of availability of foreign exchange.
Export prices increased around 1 percent as upward pressure on domestic prices more than offset the weakening Thai baht.
Argentine wheat production for 2015/16 is forecast down at 10.2 million tons (mmt), 1.3 mmt lower than USDA.
For marketing year (MY) 2015/16 (May to April), Post’s estimate for total rice area and production is unchanged at 11.8 million hectares and 34.8 million tons.
The outlook for winter grains production in Australia from mid-2015 and beyond has been improved by more reliable rainfall.
Timely and adequate 2015 monsoon rainfall through early July has supported planting of grains, including rice and corn, in the ongoing MY 2015/16 kharif season (fall/early winter harvest).
Post expects marketing year (MY) 2014/15 Indonesian wheat imports and consumption to decrease to 7.6 million metric tons (MMT) and 7.3 MMT respectively.
Wheat production is forecast at 19.5 million metric tons (MMT) in marketing year (MY) 2015 because of high yields, especially in Central Anatolia.