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Post expects wheat, and rice imports to be tight due to availability of foreign exchange.
Thai rice exports reached a record 11 million metric tons in 2014 driven by the sales of government stocks.
Export prices remain unchanged from the previous week.
A higher support price, adequate irrigation, and low cotton prices have combined to encourage farmers to plant their wheat in a timely manner for the upcoming 2014/15 Rabi (winter) season.
Based on the officially reported data, FAS/Moscow increased its forecast of Russia’s total grain crop in MY 2014/15 by 2 million metric tons (MMT) to 104 MMT.
For the second year in a row, U.S. wheat constituted nearly half of all Brazilian wheat imports.
Recovering from the decline in Japanese Fiscal Year 2012 and JFY2013, corn utilization in compound feed gradually increased in the first half of JFY2014, reaching the JFY 2011 level...
On January 7, Taiwan completed 17,600 MT of the first tranche of 2015 U.S. rice Country Specific Quota (CSQ) Simultaneous-Buy and Sell (SBS) tender for delivery by December 31, 2015.
Only 52% of Taiwan’s 2014 Country Specific Quota (CSQ) U.S. origin rice purchase commitments under normal tender were successfully awarded for U.S.-origin rice.
Export prices declined around 1 percent in anticipation of the government’s announced tender of approximately 1 million metric tons.
MY 2014/15 wheat consumption and imports remain unchanged at 3.7 million and 3.9 million tons respectively.
Over late 2014, prospects for Australian winter grains crops worsened as a result of continued dry weather. Both yields and the volume of production were affected.