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Post estimates total grain production at 11.5 million MT, including 5.6 million MT of common wheat, 2.4 million MT of durum wheat, and 3.5 million MT of barley
Post expects wheat, corn and rice imports to be tight due to the lack of availability of foreign exchange.
Argentine wheat production for 2015/16 is forecast down at 10.2 million tons (mmt), 1.3 mmt lower than USDA.
For marketing year (MY) 2015/16 (May to April), Post’s estimate for total rice area and production is unchanged at 11.8 million hectares and 34.8 million tons.
The outlook for winter grains production in Australia from mid-2015 and beyond has been improved by more reliable rainfall.
Post expects marketing year (MY) 2014/15 Indonesian wheat imports and consumption to decrease to 7.6 million metric tons (MMT) and 7.3 MMT respectively.
Wheat production is forecast at 19.5 million metric tons (MMT) in marketing year (MY) 2015 because of high yields, especially in Central Anatolia.
This report is an update to the previous forecast. Notable changes for MY 2015/16 include an increase in Korean wheat production to 36,000 MT and increased wheat consumption to 3.85 million tons.
Overall feed production in Japan continues to be stable, but is gradually trending down and is expected to be below 24 million metric tons in MY2014/15.
FAS/Astana forecasts Kazakhstan’s wheat production in 2015/16 at 12.8 MMT only slightly less than the levels estimated for 2014/15 on the background of heavy rains in May...
FAS/Moscow increased its April 2015’s grain production forecast by 5 million metric tons (MMT) to 97 MMT.
The Ministry of Agriculture foresees a rise in production in the current crop year despite some unfavorable weather conditions.