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Post forecasts MY 2017/18 rice production lower at 107.5 MMT on lower than expected planting and yield due to prolonged dry conditions and floods during critical stages in some rice growing states.
The U.S. continues to be the Philippines’ largest supplier of agricultural products, and the Philippines is its 11th largest global market.
Harvest is underway for spring/summer crops. The 2017/18 corn production forecast is raised on better yield, improved seed quality and favorable weather during the growing season.
South Africa announced a new wheat import tariff of R379.34 per ton on September 8, 2017.
FAS Cairo forecasts Egypt’s wheat production in marketing year (MY) 2017/18 at 8.1 million metric tons (MMT).
The market year (MY) 2017/18 wheat production estimate has been revised downward to 3.5 million metric tons (MMT) based on updated official information from the Mexican government.
Post concurs with the official USDA wheat and corn estimates. For rice, MY 16/17 area harvested and paddy and milled rice production were adjusted upwards consistent with updated estimates....
Post maintains its earlier wheat and barley forecasts for 2017/18. Customs duties on wheat are expected to remain at current levels through the end of 2017.
On August 16, 2017, The Ministry of Agriculture revised the Indian crop year (ICY) 2016/17 (JulyJune) grain production higher to a record 275.7 million metric tons (MMT)....
Poland’s production of wheat, rye, mixed grains and triticale, barley, corn, and oats in MY 2017/18 is forecast to reach 31.9 million metric tons (MMT), a 7.5 percent increase over MY 2016/17.
Area seeded to canola exceeded area seeded to wheat in Canada for the first time ever in marketing year (MY) 2017/2018, as continued strong returns to canola and a wet spring planting season....
Brazil’s consumers have a budding appetite for higher-value food products as the country’s economy recovers from a historic recession and its middle class grows.