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MY 2015/16 wheat imports are forecast at 11.5 million metric tons (MMT) in line with USDA’s official estimate.
The massive surge in imports of cheaper alternative feed ingredients has significantly impacted feed demand for corn in recent years according to official statistics and industry analysts.
With some Member States starting to publish provisional harvest estimates for 2015, the total MY2015/16 EU-28 grain crop is revised up to 306.8 MMT, 2.2 MMT above previous expectations.
Post continues to project the 2015/16 wheat crop at 10.2 million metric tons (mmt), slightly below USDA’s official number.
2015/2016 wheat production is forecast at 6 million metric tons (mmt), down from previous estimates due to heavy rains in the south.
The first tentative post-harvest data on 2015 grain crops showed a higher than previously expected wheat production; barley production in line with earlier forecasts and much lower corn crop...
For marketing year (MY) 2015/16 (May to April), Post’s rice production estimate is lowered to 34.6 million tons due to floods that affected Aman rice production...
FAS/Astana estimates Kazakhstan’s wheat production in MY 2015/16 at 14 MMT, almost 1 MMT more than 12.99 MMT in MY 2014/2015, due to higher average country yields this year.
Post revises rice production upward, despite a decline in planted area, based on record average yields of 5.33 MT/ha, due to favorable weather in September.
Sub-Saharan Africa’s voracious appetite for imported agricultural goods is a direct result of the region’s robust growth in gross domestic product (GDP) and population.
Dry weather is overruling the lure of high corn prices and producers’ decisions to plant more corn in the 2015/16 MY.
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.