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Australian wheat production in 2016/17 is forecast at 24 million MT, around the same level as the previous year.
Total wheat production increased 8% in MY2015/2016 reaching 1.6MMT. Production is expected to decrease on MY2016/17 as prices for domestic producers declined in MY2015/16.
Domestic and export prices continued to increase around 1 to 2 percent as domestic supplies remain tight.
Russian and Irish Officials Discuss Cooperation . . . GOR Order on Distribution of Subsidies Among Provinces . . . Russian Officials Meet to Improve Legal Framework for Aquaculture
Production of wheat in MY 2016/17 is forecast to decrease based on lower production area under this crop planted in Autumn 2015.
The Central Bank of Nigeria continues to restrict access to foreign exchange in an effort to reduce rapid spending of U.S. dollars outside of Nigeria.
Post estimates Vietnam’s wheat imports volume in the MY 2015/2016 at 2.60 million tons, an increase of about 300,000 tons compared to MY 2014/2015 imported volume.
Post expects marketing year (MY) 2015/16 Indonesian wheat imports to increase by 1.6 percent to 7.6 million metric tons (MMT), compared to 7.478 MMT in MY 2014/15.
FAS/Astana forecasts Kazakhstan wheat production in 2016 at 13.0 MMT, down slightly from 2015 production of 13.7 MMT, as wheat sown area is expected to fall, reducing harvested area.
Assuming average weather conditions during the growing season, FAS/Moscow forecasts Russia’s 2016 grain and pulses production at 101 million metric tons (MMT), a 2 percent decrease...
Export prices increased around 1 percent due to the strengthening of the Thai baht and tight domestic supplies.
All grain production and imports are challenged by foreign exchange limitations that restrict access to key agricultural inputs and currency for overseas purchases.