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Rice export prices declined 1 to 2 percent due to the weakening of the Thai baht and the lack of new inquiries.
In Marketing Year (MY) 2018/19, heavy rains during the planting season caused farmers to opt out of the government program to reduce rice acreage and continue planting rice.
On October 3, 2018, the Government of India raised the minimum support prices (MSP) for the select upcoming rabi (winter-planted) crops.
Due to relatively high stock levels that are suppressing local corn prices, Post estimates that South Africa’s commercial corn producers will cut area by 10 percent to 2.1 million hectares....
MY2018/19 rice production is revised downward due to flood and drought damage, but remains higher than MY2017/18.
Wheat consumption in Haiti during Marketing Year (MY) 2018/2019 (July 2018/ June 2019) is forecast at 430,000 metric tons (MT).
Rice export prices remain unchanged due to low trading volumes.
On October 9, Taiwan completed a Simultaneous-Buy and Sell (SBS) tender for 3,000 tons of U.Sorigin rice at $162 per ton for delivery by April 30, 2019.
The United States continues to be the main sourcing option for Colombian importers of corn and rice.
Post forecasts wheat exports in marketing year (MY) 2018/19 at 13.6 million tons, 600,000 tons lower than USDA. Due to tighter supplies, Post estimates barley exports for 2017/18 at 2.5 million....
Jordan’s wheat imports in marketing year (MY) 2018/19 are forecast at 1.1 million metric tons (MMT).
Post forecasts Australian 2018/2019 wheat production at 18 million metric tons (MMT) as hot conditions and low rainfall prevail in eastern Australia. Barley production is forecast to decline....