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Export prices remained unchanged. The government is likely to consider the on-farm pledging program for MY2014/15 main-crop fragrant and glutinous rice paddy this week.
Unusually rainy weather along with cooler temperatures this year made the season challenging for the farmers.
A new Order in Council set minimum weekly grain shipments for Canada’s two rail companies from August 3 through November 29, 2014, at 536,250 MT.
The Government of Pakistan has increased the tariff on wheat imports from zero to twenty percent.
MY 2013/2014 wheat consumption is estimated at 1.85 million tons, an increase from MY 2012/2013 due to the likely the use of more feed wheat in the aquaculture feed industry.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Statistics Canada puts the 2014/2015 wheat, barley, corn, and oat crop at 48.7 million metric tons (MMT), 26 percent below the previous year’s crop of 65.9 million metric tons.
Export prices for most grades of white rice remained unchanged. The government sold 203,000 metric tons of rice stocks as expected by traders last week.
The minimum support prices (MSP) for rabi (winter planted) crops for MY 2015/16 have been raised; the MSP for wheat by INR 500 per metric ton to 14,500 ($236) per metric ton.
The Thai Government is considering measures to support MY 2014/15 rice prices but at much lower prices than in previous years and with stricter conditions.
Ukraine’s grain exports are growing at moderate pace. In the new marketing year 2014/15, by mid-October, Ukraine has exported over 6 million metric tons of wheat and over one million tons of barley.
In late October the Ministry of Agriculture (MoA) reported that total cereal production for MY2014/2015 is estimated at 3.4 MMT but continues to be silent about bread wheat and durum productions.