Browse Data and Analysis

Nigeria’s wheat consumption continues to increase as prices of other major locally grown staples remain higher than those for wheat products.

FAS Amman (Post) forecasts Jordan’s wheat imports in MY 2017/18 to reach 1.1 million metric tons (MT).

Export prices for the most part remain unchanged.

Post projects Argentine wheat production for 2017/18 at 16.8 million tons, 700,000 tons smaller than USDA due to a significantly lower harvested area. Excess rain during the planting and growing....

Export prices further declined 1 percent as supplies of MY2017/18 main crop white rice are reportedly entering the market.

According to the Indian Meteorological Department (IMD), the cumulative rainfall for the Southwest Monsoon 2017 (June to September) was 5 percent lower than the fifty-year average....

Based on the latest official estimate, Pakistan’s 2017 wheat production was 25.7 million metric tons, the second largest harvest on record.

All of Turkey’s wheat harvest has been completed and Marketing Year (MY) 2017/18 total wheat area and production are estimated at 7.8 million hectares and 19.5 million metric tons (MMT).

Post has further lowered its estimate for Australian wheat production to 20 million MT for 2017/18, due to continuing adverse seasonal conditions across most cropping areas.

Given competitive prices for imported feed grains (particularly for corn) and DDGS, Japanese demand is expected to remain strong in 2017/18, with corn imports again forecast to total 15.2 million MT.

In calendar year 2017, Post estimates the total feed demand down about 15 percent compared to CY 2016.

2016/2017 corn production is estimated at a record 97.7 million metric tons (mmt), a 46 percent increase from the previous year, based on expanded area and improved yields.