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Export prices declined 1 percent as the government will issue a tender for around 400,000 metric tons on December 22.
The high number of rainy days and unusually cool November slowed the corn harvest; about 10%-20% of corn was estimated to be still in the fields at the end of November.
Secretariat of Economy (SE) published in the Diario Oficial (Mexico’s Federal Register) a decree that modifies the Tariff of the General Import and Export Tax Law for imported rice.
The Government of India (GOI) continues to consider rice imports for distribution under governmental feeding programs in the northeastern states, but to date, has not made a decision.
Mexico announced specific guidelines applicable to the 2014 crop year for two new support programs for sorghum growers and buyers as well as rice supports offered in several Mexican states.
Ghana is a net importer of rice and wheat. Post forecasts rice exports to Ghana in MY 2014/2015 to reach 600,000 MT.
Export prices declined 1 percent in anticipation of the sales of government rice stocks. The details of a new public tender for 400,000 metric tons will be announced on December 11, 2014.
On November 15, 2014, Statistics Korea (KOSTAT) released its revised rice production estimate of 4,240,739 metric tons.
Thai rice exports reached a record high in October 2014 fueled by the sales of the government stocks.
Export prices increased 1-3 percent, particularly for fragrant rice, in response to the implementation of an on-farm pledging program that the government approved on last week.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Post forecasts that China's broiler production will fall as demand declines due to lower prices and food safety concerns.