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Rice export prices increased 1 to 2 percent to cover exchange rate volatility of the Thai baht.
Post's rice production estimate for marketing year (MY) 2018/19 (May-April) is revised slightly upward to 34.5 million metric tons (MMT) based on increased Aus rice production.
For marketing year (MY) 2018/19, wheat production is forecast at 18.75 million metric tons (MMT), barley production at 6.4 MMT, corn production at 5.5 MMT, and paddy rice production at 910,000 MT.
Myanmar’s total 2018 feed demand is estimated at about 3 million metric tons (MMT) including about 0.5 MMT of aqua feed.
Rice export prices declined 1 to 2 percent due mainly to the weakening Thai baht. .
In 2018, the United States and Morocco negotiated terms for U.S. poultry market access, which could be an opportunity for U.S. exporters to target the food service sector.
Post’s MY 2018/19 rice production forecast is raised marginally higher to 111 MMT on higher than expected planting and normal yields due to favorable growing conditions in major rice producing states.
The report provides updates on rice in Cambodia. Post revised production volume in marketing year (MY) 2017/2018 at 9.1 million metric tons (MMT) - an increase of 5.7 percent over MY16/17....
On September 27, 2018, Taiwan completed a normal rice tender for 6,000 tons of U.S-origin milled medium/short grain rice at $717.65 per ton for delivery in 2019.
Market year 2018/19 corn production is forecast higher at 95 MMT based on an expected return to normal yields and expanded safrinha area in response to higher prices.
For marketing year (MY) 17/18, Post revises total paddy production down slightly, from 46.31 million metric tons (MMT) to 45.55 MMT, compared to the USDA official number.
Rice export prices increased 1 to 2 percent due to increased currency exchange risk from the strengthening Thai baht.