Browse Data and Analysis

Rice export prices further declined 1 percent as supplies of off-season rice are entering the market.

Under the 2018 Tariff Rate Quota (TRQ), Korea purchased a total of 408,700 metric tons (MT) of rice (milled basis) from four countries, including the United States, China, Thailand and Vietnam.

Since signing the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) in April 2006, Nicaragua has enjoyed a strong trade relationship with its largest trading partner....

On February 14, 2019 President Rodrigo Duterte signed into law Republic Act (RA) No. 11203, which replaces rice import quantitative restrictions with tariffs. Implementing Rules and Regulations....

The MY2018/19 rice and corn production forecast remains unchanged as the acreage that has shifted from off-season rice to corn cultivation is far below the government’s target.

Quotations are not available this week due to the New Year’s holiday.

The MY 2018/19 corn production estimate has been revised downward due to lower harvested area, while rice production is expected to be higher than previously estimated due to greater harvested area.

Rice export prices increased around 2 percent due to the strengthening Thai Baht.

Corn prices have steadily risen reflecting overall tightness in feed-quality corn supplies, despite official reports of greater supplies, and weaker demand associated with the spread....

Rice export prices declined 1 percent as reduced domestic prices offset the stronger Thai baht.

The cumulative rainfall for the Northeast Monsoon 2018 reported by the Indian Meteorological Department (IMD), as of January 4, 2019, was 44 percent lower than the 50 year average.

Total marketing year (MY) 2018/19 production is forecast at 18.75 million metric tons (MMT) for wheat and 5.5 MMT for corn.