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Despite the weakening Thai baht, export prices increased 1 percent as G-to-G agreement with Indonesia has been signed and shipments are beginning immediately.
Grain traders are wary of supplying wheat and barley to the government of Jordan, due to the rejection of shipment of 100,000 MT of Polish by Jordan’s Food and Drug Administration.
On November 5, 2015, the Official Gazette published the Biosafety Board Decisions on genetically engineered feed imports.
MY 2015/16 wheat imports are forecast at 11.5 million metric tons (MMT) in line with USDA’s official estimate.
The massive surge in imports of cheaper alternative feed ingredients has significantly impacted feed demand for corn in recent years according to official statistics and industry analysts.
With some Member States starting to publish provisional harvest estimates for 2015, the total MY2015/16 EU-28 grain crop is revised up to 306.8 MMT, 2.2 MMT above previous expectations.
Post continues to project the 2015/16 wheat crop at 10.2 million metric tons (mmt), slightly below USDA’s official number.
Export prices declined around 1 percent due to quiet trading activities. Thai and Chinese Governments have finalized the delivery details of the 8th shipment under the 2014 G-to-G agreement.
2015/2016 wheat production is forecast at 6 million metric tons (mmt), down from previous estimates due to heavy rains in the south.
The first tentative post-harvest data on 2015 grain crops showed a higher than previously expected wheat production; barley production in line with earlier forecasts and much lower corn crop...
For marketing year (MY) 2015/16 (May to April), Post’s rice production estimate is lowered to 34.6 million tons due to floods that affected Aman rice production...
On October 29, Taiwan completed two normal tenders of the 2015 U.S. rice CSQ, GF4-104-115 for 9,000 MT of long grain brown rice and GF4-104-123 for 4,000 MT of medium or short grain rice.