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Post forecasts China’s marketing year (MY)21/22 corn imports at 15 million metric tons (MMT) as market signals are encouraging additional domestic production over MY20/21 levels.
Posts projects marketing year production for wheat, barley, corn, sorghum, and rice.
Sugar production in MY21/22 (Oct-Sep) is forecast to marginally grow to 10.6 million metric tons as rising cane sugar production is expected to offset lower beet sugar production.
In 2021, Nigeria is expected to face decreases in grain supplies due to conflict and economic factors exacerbated by the secondary effects of COVID-19. Internal security across the country is a serious challenge to food production especially in the corn belt.
Total EU oilseeds area in MY 2021/22 is forecast to marginally increase by almost one percent. This increase in planted area is expected to take place in all three major oilseeds: soybean, rapeseed, and sunflower.
Brazil’s Marketing Year (MY) 2021/22 sugarcane crop is estimated at 635 million metric tons (mmt), a decrease of three percent compared to the final estimate for MY 2020/21 (657 mmt).
In marketing year (MY) 2021/22, Colombian raw sugar production is forecast to recover to 2.4 million metric tons (MT), after an expected decline in MY 2020/21 due to excessive rains from La Niña weather phenomena.
Post projects an increase of 100,000 hectares in soybean planted area and production of 51.5 million tons for marketing year 2021/2022.
In marketing year 2021/2022, Guatemala is forecast to produce 2.70 million metric tons of sugar from sugarcane from a harvested area of 251,000 hectares...
Higher rainfall as a result of a La Nina weather pattern is expected to increase sugarcane yields, leading to increased production in 2021/2022.
Mexico sugar production for marketing year (MY) 2021/22 is forecasted slightly lower than MY 2020/21, on continued drought concerns and soil effects in some sugar producing states.
Post sees Crop Year (CY) 2021/2022 (September/August) raw sugar production staying flat at 2.1 million metric tons (MT), as low productivity remains an issue amid the continued discussion of trade liberalization.