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On September 18, 2014 the Korean Ministry of Agriculture, Food and Rural Affairs (MAFRA) issued a press release announcing the liberalization of its rice market through tariffication.
Due to generally favorable weather conditions throughout Mexico’s crop producing regions, production is expected to be higher in marketing year (MY) 2014/15 for most crops.
Export prices remained unchanged from the previous week. The government is likely to issue a new public tender next week.
Export prices declined 1 to 2 percent due to the sales of government stocks and the weakening of the Thai baht this week. The government continues to sell its rice stocks only for export.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Despite improved planting, Post continues to forecast MY 2014/15 rice production at 100 MMT on expected lower yields due to patchy 2014 monsoon rains.
Export prices declined around 1 percent due to the sales of government stocks. The result of the second public tender has been finalized and new tenders will be exclusively for exporters.
2014/2015 wheat production is forecast at a record 7.5 mmt, up 30 percent from the previous year.
Export prices increased 1 to 2 percent due to tighter domestic supplies.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
For the fifth consecutive year, flooding is occurring in Pakistan as crops are ready for harvest.
Export prices declined 1 to 4 percent due to the expected upcoming sale of government rice stocks and the weakening of the Thai baht.