date:Mar 26, 2014
In the second year of the CTPA, US rice exports exceeded 82.5 TMT with an additional 24 TMT beyond quota.
In 2013, US corn trade values were up 129 per cent to USD171 million, but only filled 23 per cent of the 2.2 MMT TRQ (for yellow corn). Low corn prices not only helped US corn competitiveness, but also worked against MERCOSUR grain trade, where duties are conversely linked to prices.
Price competitiveness, combined with slow 2013 deliveries arriving after January 1, 2014, indicate that the