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On December 31, 2021, Turkey announced a revised tariff list for a number of products. According to a Presidential Decree published in the Official Gazette, the import tariffs on wheat, corn, rye, barley, oats, chickpeas, and lentils, has been eliminated through December 31, 2022.
Given the pace of imports during the first six months of 2021/22, the wheat import forecast is reduced from 2.5 to 2 million tons. With harvest complete and better than expected yields, the 2021/22 rice production estimate is increased from 8.2 to a record 8.9 million tons.
China: Group Standards on Alfalfa Meal Quality Classification and Timothy Hay Quality Grade Proposed
On November 16, 2021, China Animal Agricultural Association (CAAA) proposed group standards for Alfalfa Meal Quality Classification and Timothy Hay Quality Grade. The standards were published for public feedback and will take effect after revision based on feedback received.
This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
Export prices of most grades of rice remained unchanged despite the strengthening of the Thai baht.
Post revised Vietnam’s marketing year 2020/2021 (MY20/21) total harvest area down to 7,305 thousand hectares (THA), but production up to 27.38 million metric tons (MMT) (milled rice equivalent) on higher production of the autumn crop.
Mexico’s wheat production forecast for marketing year (MY) 2021/22 is revised upward, based on more complete figures from Mexico's Secretariat of Agriculture and Rural Development (SADER), and reflecting favorable weather conditions that resulted in higher yields than initially expected.
On December 10, 2021, the Government of Kenya announced it would grant exemptions to tariffs on non-genetically-modified (GM) feed ingredients in response to rising feed costs.
Export prices of white rice increased one percent despite the weakening of the Thai baht.
The U.S.-Japan Trade Agreement (USJTA), which entered into force on January 1, 2020, improved market access for U.S. products through the creation of tariff-rate quotas (TRQs) for food wheat, wheat products, malt, processed cheese, whey, glucose and fructose, potato starch, corn starch, and inulin.
The Government of Argentina has announced new limits on corn and wheat exports. These limits are intended to guarantee sufficient supplies of both commodities for domestic users, in part to help reduce inflationary pressure.
Post increases the MY 21/22 estimate for milled rice production to 12.5 million MT on positive first-quarter production data while holding imports unchanged.