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With MAFF’s strong push to use rice for feed, rice used in compound feed exceeded one million metric tons in MY2014/15 for the first time on record, at the expense of wheat and corn.
The outlook for winter grains production in Australia has deteriorated due to particularly adverse seasonal conditions, including lower than expected spring rainfall and record temperatures.
The Russian Government amended the formula for calculation of the floating wheat export duty that was in force since July 1, 2015.