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Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.
U.S. corn exports to Colombia hit historic trade levels at 3.6 million metric tons (MT) in Marketing Year (MY) 2014 with a trade value of $861 million.
Export prices further declined 1 to 2 percent as supplies of new off-season rice continue coming into the market.
Due to several recent food safety incidents throughout Taiwan, consumers are paying more attention to their source of ingredients and willing to pay a premium price.
News on development in agriculture and food in Egypt.
Export prices declined 2 to 3 percent due to rumors of large sales of government stocks and the weakening Thai baht over the past week.
MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.
Wheat imports are forecast to reach 3.95 million tons in MY14/15 and to slightly over 4 million tons in MY15/16 due to strong demand as a result of shifting diets of the Philippine middle class.
The marketing year (MY) 2015/16 corn production is forecast at 23.4 million metric tons (MMT).
South Africa’s net trade in corn is expected to decrease from 2.0 million tons to 100,000 tons in the 2014/15 MY, due to a mid-summer drought that hit the main corn producing areas.
The Japanese feed industry relies almost entirely on imported grains.
Water rationing measures in Taiwan will impact 2015 rice production by approximately 10%, or 110 TMT.