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Rice production continues to be strong despite falling demand, as many farmers prefer the guaranteed income that comes from the government rice procurement program.
FAS/Nairobi forecasts an increase in Kenya’s corn, wheat and rice imports due to a widening domestic supply deficit during the marketing year (MY) 2018/2019.
Rice production in 2018/19 is forecast to increase only slightly, and low stocks and high prices will continue to require rice imports.
Post forecasts that South Africa’s wheat imports for the 2018/19 MY will decline marginally to 1.8 million tons, on an expected increase in local production.
Peruvian wheat production is all consumed domestically. Wheat imports in MY 2018/19 are forecast at 2.06 MMT.
Wheat consumption in the Dominican Republic (DR) during Marketing Year (MY) 2018/2019 (July 2018/ June 2019) is forecast at 410,000 metric tons (MT), with imports remaining strong at 540,000 MT.
Rice export prices further increased by 1 percent due to strong demand from China and African countries amid the off-season rice harvest.
Pakistan continues to make significant progress towards implementing a full-fledged biotechnology and seed regulatory structure that is expected to facilitate the introduction of new seed....
High prices for Japanese table rice led to Japan’s full utilization of the simultaneous buy and sell quota (100,000 MT), and are expected to lead to continued opportunities in the coming year.
Rice export prices increased by 2 percent due to the strengthening Thai baht, which offset declines in farm-gate rice prices.
After a record harvest of 98.5 million metric ton (MMT) last year, India’s MY 2018/19 (April/March) wheat production is forecast lower at 94 MMT on lower planting, still a record fourth highest crop.
Post expects relatively minor changes in 2018/19 in Mexican production of corn and sorghum, with a larger percentage decrease in wheat production due to water availability among other factors.