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India’s 2016/17 cotton production forecast is 28.5 million 480 lb. bales on marginally lower acreage of 11.8 million hectares.
Assuming a normal 2016 monsoon (June-Sept), India’s total oilseed production in marketing year (MY) 2016/17 (Oct-Sept) will reach 35.4 million metric tons (MMT), a ten-percent over last year.
Post estimates that cotton planted area in Vietnam likely drops to less than 1,000 hectares.
MY2016/17 cotton imports are forecast to increase only slightly from the downturn in MY2013/14.
The drought is forecasted to severely impact the 2016/17 MY Swaziland sugar cane crop.
Production and consumption of broiler meat are forecast at record levels on recovering of the sector despite the potential for avian influenza.
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season.
Post forecasts cotton planted area for 2016/17 to increase to 980,000 hectares based on higher domestic prices and export demand.
The weak Brazilian currency and high inflation, fueled by an uncertain political atmosphere, will have a large impact on all producers in Brazil.
MY 2016/17 cotton area is forecast unchanged at 43,000 hectares (HA); farmers are not projected to add cotton area due to expected higher profit margins for other short duration crops.
For MY 2016/17 (May-April), total rice area and production levels are projected to increase slightly to 11.8 million hectares (HA) and 34.55 million metric tons (MMT) assuming good weather...
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.