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The Ministry of Agriculture raised the Indian crop year (ICY) 2017/18 (July-June) grain production estimate to a record 284.8 million metric tons (MMT), which is about a 2 percent increase....
MY2018/19 rice and corn production should increase due to expanded acreage and favorable weather conditions.
For marketing year (MY) 2018/19 (May to April), Post’s forecast for total rice area and production is revised down to 11.6 million hectares and 34.4 million tons on slightly lower....
On July 18, 2018, Mexico’s Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Foodstuffs (SAGARPA) announced in the Mexican Federal Register (“Diario Oficial”)....
Post forecasts wheat exports in MY2018/19 at 13.6 million tons, 600,000 tons lower than USDA, leading to greater stocks at 760,000 tons.
The EU28 grain harvest is now well under way, having started earlier than normal in most Member States due to a very dry spring.
FAS Moscow decreased its April 2018 total grain production forecast by 13.8 million metric tons (MMT) to 109.9 MMT based on reports of reduced area and cold and rainy conditions in some regions....
On July 4, 2018, the Government of India (GOI) approved a significant increase in the minimum support prices (MSPs) for the kharif (fall harvested) crops for the 2018/19 season.
South Africa’s corn exports are projected to drop to 1 million tons in the 2018/19 MY, as post expects a decrease in commercial production, due to a cut in area planted.
Unexpected weather conditions between April and June led to slightly lower wheat and barley production forecasts, while late spring rain helped the corn crop.
For marketing year (MY) 2018/19, feed consumption is forecast to increase slightly, as the domestic pork industry rebounds and growth continues in the aquaculture sector.
Indonesia’s rice imports are expected to reach 2 million tons in 2017/18 due to low stock levels and increased competition from corn plantings.