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Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.
MY2023/24 rice and corn production forecasts remain unchanged. MY2023/24 wheat imports are revised up to 3.0 MMT.
Argentine wheat production for marketing year (MY) 2023/2024 is estimated at 15.4 million tons, 400,000 tons higher than USDA official as yields were higher in the final phase than earlier expected. Corn production for MY 2023/2024 is projected at 57...
Wheat, corn, and barley production in MY 2023/24 are forecast at or near record levels due to favorable weather during much of the growing season. Consequently, import demand for these three grains is projected lower year-to-year. Similarly, rice...
Production of wheat in MY 2016/17 is forecast to decrease based on lower production area under this crop planted in Autumn 2015.
The Central Bank of Nigeria continues to restrict access to foreign exchange in an effort to reduce rapid spending of U.S. dollars outside of Nigeria.
Post estimates Vietnam’s wheat imports volume in the MY 2015/2016 at 2.60 million tons, an increase of about 300,000 tons compared to MY 2014/2015 imported volume.
Post expects marketing year (MY) 2015/16 Indonesian wheat imports to increase by 1.6 percent to 7.6 million metric tons (MMT), compared to 7.478 MMT in MY 2014/15.
FAS/Astana forecasts Kazakhstan wheat production in 2016 at 13.0 MMT, down slightly from 2015 production of 13.7 MMT, as wheat sown area is expected to fall, reducing harvested area.
Assuming average weather conditions during the growing season, FAS/Moscow forecasts Russia’s 2016 grain and pulses production at 101 million metric tons (MMT), a 2 percent decrease...
All grain production and imports are challenged by foreign exchange limitations that restrict access to key agricultural inputs and currency for overseas purchases.
Wheat production for crop 2016/17 is forecast at 1.0 million tons, lower than the previous year due to expected low farmer returns.