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Corn production forecast is 6 MMT in marketing year (MY) 2015. The Turkish Grain Board (TMO) was a very active player in the market in MY 2015.
The MY 2015/16 winter wheat crop is expected to reach 27.6 MMT, the largest crop since independence in 1990. Corn production is forecast to decrease to 22.7 MMT, over 20 percent below the previous MY.
On October 19th, 2015, the Ministry of Finance issued a notification raising the basic custom duty on imports of wheat to 25 percent (ad valorem on CIF value).
Total Canadian wheat, barley, corn and oats production in 2015/2016 is forecast fall to 49.2 MMT, a 4 percent decrease corm 2014/2015 total production levels of 51.0 MMT.
FAS/Moscow increased post’s July 2015 grain production forecast by 5 million metric tons (MMT) to 102 MMT. The grain crop forecast includes 60.5 MMT of wheat (4.5 MMT higher than the July forecast)...
Despite an extended El Nino event, Indonesian rice and corn production did not experience significant declines.
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.
On October 5, 2015, the Russian Minister of Agriculture increased the level of prices for 2015 grain crop purchases to the State Intervention Fund and made wheat prices equal for all federal districts
Post’s MY 2015/16 milled rice production forecast has been lowered to 103 MMT from a projected harvested area of 43.2 million hectares on moisture stress due to weak monsoon rains in August-September.
2015 corn production is forecast to be 7.3 MMT less than the 2014 harvest. MY 2015/16 corn exports are forecast at 12.5 MMT; down from 19.4 MMT in MY 2014/15.
In 2014 Agriculture contributed about 10% to the Gross Domestic Product in Zimbabwe.
Zambia is a landlocked country in Southern Africa and can be credited with political stability and strong economic growth in the last decade.