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Export prices further declined 1 to 2 percent as supplies of new off-season rice continue coming into the market.

Export prices declined 2 to 3 percent due to rumors of large sales of government stocks and the weakening Thai baht over the past week.

MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.

The passage of a bio-safety bill has faced many hiccups in Nigeria, the country’s policy makers now appear to be set for the passage of the bill and subsequent executive assent.

In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”

Export prices continued to decline around 1 percent in anticipation of higher-than-expected sales of government rice stocks.

Export prices declined around 1 percent in anticipation of sales of government stocks in the public tender for 1 million metric tons of white rice.

The Thai Cabinet increased domestic palm oil supplies for cooking by at least 110,000 metric tons in February 2015 thru imports and a reduction in biodiesel mandates.