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The prospects for MY2022/23 winter grain crops remain favorable due to the relatively mild winter, sufficient soil moisture reserves, and snow cover. Higher input costs, however, may have a negative impact on the average yields due to expected lower application of inputs.
Post revised down its 2021/22 forecast corn harvest to 113 million metric tons (MMT) on the account of disappointing first-crop corn volumes. Consequently, the corn export forecast is also lowered to 42 MMT.
Post forecasts a 31-percent increase in Thai rice exports and a 17-percent decline in corn imports.
China’s overall feed production is projected to rise through the end of calendar year 2022.
The Turkish government continues its efforts to rein in inflation, which was made worse in recent months by the steep depreciation of the Turkish Lira against the US dollar and drought-related grain production losses in MY 2021/22.
This report contains updated Marketing Year (MY) 2020/21 and MY2021/22 production, trade, and consumption estimates for Ukraine. According to the recent national statistical data MY2021/22 production numbers for wheat, barley, corn and rye are higher compared to MY2020/21, thus translating into higher export volumes.
Forecast MY2015/16 corn production is revised slightly higher, while forecast rice and wheat production are lowered slightly.
Turkish Poultry Meat Producers and Breeders Association (Besd-Bir) submitted dossiers to the Biosafety Board to request the approval for dozens of genetically engineered traits for feed use only.
Production of wheat, barley corn and rye in Ukraine in MY 2015/16 are forecast to decrease mainly due to lower projected yields as well as decreased production areas for some of these crops.
In 2014, agriculture accounted for 9.1% of Serbian GDP, compared to the EU 27 average of 2%.
On May 25, 2015, FAS Ankara learned that Turkey’s High Court reversed its December 13, 2013 decision that rescinded the approval of MON810 maize.