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MY2018/19 rice and corn production should increase due to expanded acreage and favorable weather conditions.
For marketing year (MY) 2018/19 (May to April), Post’s forecast for total rice area and production is revised down to 11.6 million hectares and 34.4 million tons on slightly lower....
On July 18, 2018, Mexico’s Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Foodstuffs (SAGARPA) announced in the Mexican Federal Register (“Diario Oficial”)....
Post forecasts wheat exports in MY2018/19 at 13.6 million tons, 600,000 tons lower than USDA, leading to greater stocks at 760,000 tons.
The EU28 grain harvest is now well under way, having started earlier than normal in most Member States due to a very dry spring.
Seed companies have not objected to Germany for applying the “opt out” regulation for biotech corn varieties.
The Minister of Agricultural Policy and Food of Ukraine and representatives of non-governmental organizations signed a non-binding Memorandum of Understanding (MoU) on grain exports for MY 2015/16.
Grain traders are wary of supplying wheat and barley to the government of Jordan, due to the rejection of shipment of 100,000 MT of Polish by Jordan’s Food and Drug Administration.
MY 2015/16 wheat imports are forecast at 11.5 million metric tons (MMT) in line with USDA’s official estimate.
The massive surge in imports of cheaper alternative feed ingredients has significantly impacted feed demand for corn in recent years according to official statistics and industry analysts.
With some Member States starting to publish provisional harvest estimates for 2015, the total MY2015/16 EU-28 grain crop is revised up to 306.8 MMT, 2.2 MMT above previous expectations.
Post continues to project the 2015/16 wheat crop at 10.2 million metric tons (mmt), slightly below USDA’s official number.