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Post forecasts that China's broiler production will fall as demand declines due to lower prices and food safety concerns.
Based on industry data, Post revises marketing year (MY) 2012/13 Indonesian wheat consumption to 6.8 million metric tons (MMT) of wheat equivalent.
As Japan’s Ministry of Finance announced import statistics ending June 2014 for wheat, Post has finalized the 2013/2014 marketing year (MY) import number in its PS&D.
Based on the officially reported data on the progress of the Russian grain harvest, FAS/Moscow increased its forecast of Russia’s total grain crop in MY 2014/15 by 1 million metric tons to 102 MMT.
Nigeria’s wheat demand continues to rise and is attracting more third-country suppliers of inexpensive wheat. Imports for 2013/2014 have been adjusted to 4.55 million metric tons.
The Canadian renewable fuels industry is coming close to reaching its medium term domestic production capacity.
Romanian farmers have witnessed another good crop year. Harvested crops are estimated to grow for both winter and spring crops this season.
Unusually rainy weather along with cooler temperatures this year made the season challenging for the farmers.
MY 2013/2014 wheat consumption is estimated at 1.85 million tons, an increase from MY 2012/2013 due to the likely the use of more feed wheat in the aquaculture feed industry.
Statistics Canada puts the 2014/2015 wheat, barley, corn, and oat crop at 48.7 million metric tons (MMT), 26 percent below the previous year’s crop of 65.9 million metric tons.
Ukraine’s grain exports are growing at moderate pace. In the new marketing year 2014/15, by mid-October, Ukraine has exported over 6 million metric tons of wheat and over one million tons of barley.
Wheat production for 2014-15 is forecast at 12.5 million tons, 500,000 tons higher than USDA.