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MY2018/19 rice and corn production are expected to reach record highs due to acreage expansion driven by attractive farm-gate prices.
Saudi corn imports in marketing year (MY) 2017/18 are forecast to increase by 15 percent, to about 4 million MT.
Implemented in January 2018, a Philippine tax reform program that cuts personal income taxes should increase disposable incomes and raise food and feed consumption in MY18/19 onwards.
Chile’s wheat planted area for the past ten years has stabilized showing small variations in response to prices and farmers’ short-term expectations.
As Ecuador’s economy recovers and domestic corn prices remain high, consumption of wheat and rice increased in 2017/18.
FAS Amman forecasts Jordan’s wheat production in marketing year (MY) 2018/19 (July-June) at 20,000 metric tons (MT), largely unchanged from the USDA official MY 2016/17 estimate.
FAS Cairo forecasts Egypt’s wheat production in marketing year (MY) 2018/19 (July-June) to reach 8.45 million metric tons (MMT), up by 4.3 percent compared to marketing year 2017/18.
Russia has harvested its largest grain crop in nearly 40 years, exceeding 134 MMT according to official reports and moving Russia into the number one position of global wheat exporters.
Israel is almost completely dependent on imports to meet its grain and feed needs.
With new mature area entering full production and expectations for above trend yields, the 2017/18 palm oil production forecast is maintained at 38.5 million tons, a 5.5 percent increase from 2016/17.
Ghana is a net importer of both rice and wheat. Post estimates Ghana’s rice imports in 2017/18 at 550,000 MT, down slightly year-to-year due to growing domestic production.
MY 2017/18 (May-April) rice production is forecast down slightly to 32.65 million metric tons on lower Aman variety production caused by unexpected rain during the grain maturing stage.