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In MY2014/15, U.S. corn exports continued their dominance of the Saudi market, reaching 1.2 million MT and accounting for 41 percent share of the market.
MY2019/20 rice and corn production is forecast to increase to record levels due to expanded acreage driven by attractive prices.
China’s food regulatory regime continues to evolve. In 2017, China issued numerous new regulations and measures to reflect the requirements introduced under the 2015 Food Safety Law.
Rice export prices further declined 1 to 2 percent due to both the weakening Thai baht and new supplies of off-season rice entering the market.
Production of feed grains is expected to increase slightly over the review period, due in part to government incentive programs.
MY 2018/19 (May-April) rice production is forecast slightly up, to 34.9 million metric tons, on Aus and Aman season rice production due to favorable weather conditions and sufficient amount of inputs.
U.S. corn exports to Peru remain strong and are forecast to reach 3.4 MMT in MY 2019/2020.
As Ecuador’s economy stabilizes and becomes more open to trade, wheat consumption is expected to trend upward.
On February 28, 2019, the Ministry of Agriculture and Farmers Welfare forecast in its second advance estimate of the Indian crop year (ICY) 2018/19 (July/June) grain production at 281.4 million....
Rice export prices remain unchanged as the strengthening Thai baht offset reduced domestic rice prices.
Rice export prices remain unchanged despite further strengthening of the Thai baht.
Rice export prices increased slightly due to further strengthening of the Thai baht.