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MY 2014/15 wheat consumption and imports remain unchanged at 3.7 million and 3.9 million tons respectively.
Post continues to estimate wheat production for 2014/15 at 12.5 million tons, 500,000 tons higher than USDA, on 4.2 million hectares, 100,000 hectares higher than USDA.
2014 saw near-record imports of U.S. agricultural products into Taiwan, valued at $3.79 billion (based on Taiwan customs data).
The Government of Ethiopia (GOE) and major relief food aid agencies are mobilizing resources to procure corn-soya blend (CSB) as part of the drought relief effort.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
Favorable weather conditions throughout Mexico’s crop producing regions have resulted in higher production expectations in marketing year (MY) 2014/15 for corn and rice.
Canada's total 2013/14 production of wheat, barley, oats and corn is forecast to be 54 million metric tons, an increase of six percent over the previous year.
Guatemala, at present, allows the importation of genetically engineered (GE) agricultural and food products, but has not approved the use of GE plants for agricultural production.
Brazil is the world's second-largest producer of biotech crops. Post forecasts a 10-percent increase in area planted to biotech crops in the upcoming 2013/14 Brazilian crop year (October-September).
Honduras is the only country in Central America that allows commercial production and field trials of agricultural biotech crops.
China is expected to remain a significant importer of biotech products and may become an exporter of biotechnology in the medium to long term.
Colombia continues to expand its biotechnology frontier. The adoption rate for biotech corn has surpassed that of cotton and the development of a regulatory framework is underway.