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As Japan’s Ministry of Finance announced import statistics ending June 2014 for wheat, Post has finalized the 2013/2014 marketing year (MY) import number in its PS&D.
The report includes information that has been garnered during travel within Kazakhstan, reported in the local media, or offered by host country officials and agricultural analysts.
Based on the officially reported data on the progress of the Russian grain harvest, FAS/Moscow increased its forecast of Russia’s total grain crop in MY 2014/15 by 1 million metric tons to 102 MMT.
Export prices declined 1-3 percent due to the seasonal peak of main-crop rice supplies.
Nigeria’s wheat demand continues to rise and is attracting more third-country suppliers of inexpensive wheat. Imports for 2013/2014 have been adjusted to 4.55 million metric tons.
The Canadian renewable fuels industry is coming close to reaching its medium term domestic production capacity.
Taiwan recently completed two long-lingering 2013 normal tenders, thus fulfilling 2013 U.S. Country Specific Quota (CSQ) obligations.
Domestic and export prices declined 1-5 percent as new-crop supplies are coming onto the market.
Romanian farmers have witnessed another good crop year. Harvested crops are estimated to grow for both winter and spring crops this season.
Valentin Valenik Appointed Head of the Federal Forestry Service . . . Russian Winter Grains Sown . . . Russia Plans to Import Fish from Iran and South African Republic . . .
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
On Friday, October 31, 2014 the Turkish Grain Board (TMO) announced that they would make 2 million metric tons of wheat stocks available for domestic purchase.