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Korean ending stocks of rice are revised upward to 1.7 MMT and 1.8 MMT in MY 2015/16 and 2016/17, respectively. Stocks continue to grow as a result of continued decline in per capita rice...
The United States exported 836 million gallons of non-beverage ethanol in 2015, nearly all of which was used for fuel.
Notable updates for MY 2016/17 include an increase in Korean wheat consumption to 4.9 Million Metric Tons (MMT), due to anticipated increases in consumption of competitively-priced feed grade wheat.
MY 2016/17 corn imports are forecast to decrease 200,000 MT to 9.8 MMT due to competitively-priced wheat replacing corn for feed use.
The Korean government announced that it will seek to mitigate overproduction of rice through measures including reduction of area for rice cultivation to 711,000 Ha by 2018, planting of other crops...