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- (-) October 2015
- (-) Thailand
- (-) Peru
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TH5132 – Export prices declined around 1 percent as the rumored G-to-G agreement with Indonesia has not yet been finalized.
Export prices were virtually unchanged expect for fragrant rice prices. The Ministry of Commerce is proposing on-farm pledging program for MY2015/16 fragrant rice production.
This report provides information on the agricultural credit situation in Peru, particularly for small and medium sized producers. Financing is a limiting factor for most agricultural producers in Peru
Export prices increased around 1 percent due to the strengthening of the Thai baht. A rumor about a new G-to-G contract with Indonesia also put upward pressure on domestic prices.
Export prices increased 2 to 4 percent as exporters are seeking new-crop rice for shipments under the Government-to-Government contract with the Philippines.
Record low-level reservoirs are likely to result in smaller MY2015/16 rice area and production. Exportable supplies of white and parboiled rice will likely be tighter in 2016.
MY2014/15 and MY2015/16 sugar production will remain steady at 10.8 million metric tons. More sugarcane and raw sugar is being used for ethanol while world sugar prices trend downward.
Export prices declined 1 percent due mainly to the weakening of the Thai baht to 36.4 baht/US$. The Government issued a new public tender for 445,473 metric tons, mostly 5% grade white rice.