Browse Data and Analysis

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.

Post forecasts total lint cotton production to increase by 23 percent to 395,000 bales in MY2016/17.

Excise Tax on Industrialized Products (IPI) on alcoholic beverages was changed from an ad rem to an ad valorem system.

Production losses caused by Algae Bloom of Pseudochattonella verruculosa are estimated to be up to 100,000 MT, which represents 10% of Chile’s annual salmon production.

Export prices increased slightly due mainly to currency fluctuation. Traders are awaiting the result of the food and non-food grade rice tenders, which were issued last week.

Indonesia’s Drug and Food Control Agency (BPOM) has notified draft regulation SPS/108 “Requirements for Commercial Sterile Foods.” Comments will be accepted until April 9, 2016.

Introduction of a 6 percent Goods and Services Tax (GST) on April 1, 2015 increased costs and discouraged transshipment of cotton from Malaysia to nearby regional markets.

On March 21, 2016, Canada’s Minister of Agriculture attended the House of Commons Standing Committee on Agriculture to present Agriculture and Agri-Food Canada’s planned spending for the coming year.

Post estimates total cereal production for MY 2016/17 at around 1.5 million MT with wheat production estimated at 1.1 million MT and barley production estimated at 400,000 MT.