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Under the 2019 rice Tariff Rate Quota (TRQ), Korea purchased a total of 408,700 metric tons (MT) of rice (milled basis) from three countries: the United States, China, and Vietnam.
Rice export prices declined around 2 percent due to the weakening of the Thai baht that more than offset increased domestic rice prices.
Australia’s wheat harvest in MY 2019/20 is estimated to have been the smallest in over a decade, and about 40 percent below the 10-year average.
A new government policy raising export taxes for agricultural products from 6.7 percent to 12 percent in December 2019 drives advanced MY19/20 grain crop sales.
In MY 2018/19, total production of grain and other crops (grain-equivalent basis for potatoes) dropped 12 percent from the previous marketing year to an estimated 4.9 million metric tons....
Rice export prices increased significantly 6 to 7 percent due to tighter domestic supplies and concerns about reduced off-season rice acreage.
Rice export prices remain high due to tight domestic supplies and concerns about the current drought that cut MY2019/20 off-season rice acreage by half.
For MY 2019/2020, Mexico’s wheat production estimate is revised down slightly due to a smaller than estimated harvested area.
Rice export prices further increased 2 to 3 percent due to tighter supplies of new-crop white paddy rice and reduced MY2019/20 off-season rice acreage.
Jordan counts with increasingly westernized consumer tastes. Its 10.5 million consumers are demanding a wider variety of foreign food and agricultural products that are attractively packaged....
MY 2018/19 corn production is estimated at a record 101 MMT, 23 percent higher than the previous harvest, based on record area and yields.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.