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Water restrictions for MY2015/16 off-season rice remain in place as current water supplies available for all uses are far below 2014.
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.
The MY 2015/16 winter wheat crop is expected to reach 27.6 MMT, the largest crop since independence in 1990. Corn production is forecast to decrease to 22.7 MMT, over 20 percent below the previous MY.
On October 19th, 2015, the Ministry of Finance issued a notification raising the basic custom duty on imports of wheat to 25 percent (ad valorem on CIF value).
TH5132 – Export prices declined around 1 percent as the rumored G-to-G agreement with Indonesia has not yet been finalized.
Total Canadian wheat, barley, corn and oats production in 2015/2016 is forecast fall to 49.2 MMT, a 4 percent decrease corm 2014/2015 total production levels of 51.0 MMT.
FAS/Moscow increased post’s July 2015 grain production forecast by 5 million metric tons (MMT) to 102 MMT. The grain crop forecast includes 60.5 MMT of wheat (4.5 MMT higher than the July forecast)...
Despite an extended El Nino event, Indonesian rice and corn production did not experience significant declines.