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Based on the officially reported data, FAS/Moscow increased its forecast of Russia’s total grain crop in MY 2014/15 by 2 million metric tons (MMT) to 104 MMT.
For the second year in a row, U.S. wheat constituted nearly half of all Brazilian wheat imports.
Recovering from the decline in Japanese Fiscal Year 2012 and JFY2013, corn utilization in compound feed gradually increased in the first half of JFY2014, reaching the JFY 2011 level...
MY 2014/15 wheat consumption and imports remain unchanged at 3.7 million and 3.9 million tons respectively.
Post continues to estimate wheat production for 2014/15 at 12.5 million tons, 500,000 tons higher than USDA, on 4.2 million hectares, 100,000 hectares higher than USDA.
2014 saw near-record imports of U.S. agricultural products into Taiwan, valued at $3.79 billion (based on Taiwan customs data).
The Government of Ethiopia (GOE) and major relief food aid agencies are mobilizing resources to procure corn-soya blend (CSB) as part of the drought relief effort.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
Favorable weather conditions throughout Mexico’s crop producing regions have resulted in higher production expectations in marketing year (MY) 2014/15 for corn and rice.
The high number of rainy days and unusually cool November slowed the corn harvest; about 10%-20% of corn was estimated to be still in the fields at the end of November.
The spread of Maize Lethal Necrosis (MLN) in the maize growing regions of Eastern Africa has intensified since the first outbreak was reported in September 2011 in Kenya.
Ghana is a net importer of rice and wheat. Post forecasts rice exports to Ghana in MY 2014/2015 to reach 600,000 MT.