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Export prices declined 1 to 2 percent due to a lack of new inquiries and the weakening of the Thai baht.
Export prices remain unchanged as a result of the lack of rice trading during the year-end holiday season.
In Fiscal Year (FY) 2017 (October to September), total Colombian food and agricultural imports were valued at $5.6 billion.
SaborUSA is a non-traditional marketing campaign that promotes U.S. food and beverages in Colombia.
Colombia remains open to the adoption of biotech-derived commodities. Area planted of GE (genetically engineered) corn reached its highest adoption rate this past year.
Thailand has enacted several new regulations that restrict imports of feed and feed ingredients containing certain animal proteins.
White and parboiled rice export prices declined 1 percent from the previous week while fragrant rice prices increased by 1 to 2 percent.
Rice export prices did not change, except for fragrant rice prices which increased by 3 percent.
Thailand’s regulations restricting the cultivation of genetically engineered crops remain unchanged.
MY2017/18 cotton imports are expected to increase 3 to 4 percent as spinning mills used much of their cotton yarn inventory in MY2016/17.
Export prices increased 2 to 3 percent due to the strengthening Thai baht and strong export demand.
The forecast for MY2017/18 main crop rice production is revised down slightly due to higher than expected flooding damage to fragrant rice.