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After rising for several weeks, rice prices declined to late March levels as supplies of offseason rice continue coming into the market.
Export prices declined slightly as supplies of off-season rice continue coming into the market. Also, inquiries for Thai rice are quiet as Vietnamese rice is 5 to 10 percent cheaper.
Post estimates U.S. 2015/16 wheat exports to Nigeria at 2.3 million tons, a 17 percent decrease largely due to existing import levies.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
The Japanese Government's Basic Plan for Food, Agriculture and Rural Areas, which sets Japan's agricultural policy direction for the next 10 years, is revised every five years.
Wheat consumption in the Dominican Republic during MY 2015/16 is forecast at 390,000 MT, with imports remaining strong at 520,000 MT.
Export prices are expected to be stable through the week of April 13 due to quiet trading during the long Thai New Year’s holidays.
The lack of agricultural inputs, price controls and rising production costs continue to negatively impact agricultural production in Venezuela.
Export prices increased 1 to 2 percent as another government-to-government contract with China for 100,000 tons of white rice was finalized for delivery by May 2015.
Australian wheat production is forecast at 24 million tons, assuming average rains, while barley production is expected to be stable at 8.5 million tons despite a slight fall in the harvested area.
The Dominican Government (GoDR) has implemented policies to foster the production and stability of the rice market.
Pakistan’s soon-to-be harvested 2015/16 wheat crop is forecast at 25.5 million tons, unchanged from the revised 2014/15 record production estimate.