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Export prices increased around one percent due to the recent government-to-government contract with the Philippines and new interest from foreign buyers due to low prices.
Rains have caused flooding in five states, although pan-India rainfall is three percent below the 10-year average for the southwest monsoon (June 1 through Aug. 28).
The final amendment on standards and labeling for irradiated foods was published in the Official Gazette of India.
Export prices decreased about $5 for most of rice grades during the week of August 27-September 2, 2016, due to reduced export rice prices from other competitors, and poor demand.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
News on developments in agriculture and food in Egypt.
At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.
On August 2, 2016, the Ministry of Agriculture (MoA) released its Fourth Advance Estimate for Indian Crop Year (ICY) 2015/16 (July/June).
FAS/Moscow increased its July 2016 grain production forecast by 6.8 million metric tons (MMT) to 114.5 MMT.
Post’s (MY) 2016/17 corn and sorghum production estimates have been revised downward from USDA/Official forecast due to smaller than previously estimated planted area and irregular weather conditions.
Export prices further declined one to two percent as the government is expected to sell around 0.9 million metric tons from through tenders on August 29-30.
MY2016/17 rice and corn crops are in good condition despite the planting delay as precipitation has returned to normal.