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Corn production is expected to reach 13.3 million tons in 2019/20, as Government incentives to expand production in non-traditional regions continue to yield results.
Post estimates South Africa will have to import about one million tons of corn in the 2018/19 MY on an estimated 20 percent decline in commercial production due to drought conditions.
The Agriculture, Food, Rural Affairs, Oceans & Fisheries Committee of the National Assembly has recommended the government raise the target price for local rice (2019 crop).
On February 14, 2019, President Rodrigo Duterte signed Republic Act (RA) No. 11203, converting quantitative restrictions on rice imports into tariffs.
Post expects MY 2019/20 corn imports to reach 4.15 million metric tons (MT), up 4 percent from the previous year, due to steadily growing demand for poultry feed.
Rice export prices remain unchanged despite a 1 to 2 percent increase in domestic prices.
FAS/Nairobi forecasts a surge in Kenya’s imports of corn, wheat and rice in the marketing year (MY) 2019/2020 due to widening local supply deficit.
Post forecasts Colombian corn and rice production to remain stagnant at 1.6 and 2.4 million metric tons (MT), respectively, as there are no incentives for growers to increase area planted.
FAS Amman (Post) forecasts Jordan’s wheat imports in MY 2019/20 to stay at 1.1 million metric tons (MMT), a figure largely in line with forecasted consumption rates.
Demand for feed ingredients in Japan remains strong in MY2018/19 as livestock inventories have seen little change.
FAS Cairo (Post) forecasts Egypt’s wheat production in marketing year (MY) 2019/20 (July-June) to reach 8.77 million metric tons (MMT), up by almost 4 percent compared from 8.45 MMT in marketing....
Rice export prices increased 1 percent due mainly to the strengthening Thai baht.