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- (-) July 2015
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Dry weather with high temperatures resulted in slightly earlier start of grains and rapeseed harvest.
News on development in agriculture and food in Egypt.
Post’s June forecast for MY15/16 total domestic oilseed production is 3.26 million tons lower than the estimated 57 million tons in MY14/15.
Over the last several years, the Bulgarian oilseeds industry has invested in expanding capacities, diversifying and adding value to some of the major field crops.
Production of cotton, far and away Pakistan’s largest domestic source of oilseeds, is expected to reach 10.0 million 480 lb bales, unchanged from the current USDA 2015/16 forecast.
As a result of dry weather conditions, crude palm oil (CPO) production for 2015 is estimated to decline by 10 percent to 1.8 million metric tons (MMT) from 2.0 MMT in 2014.
Turkish soybean area and production for MY 2015 are estimated at 25,000 hectares and 90,000 MT, respectively.
Canadian biofuel production remains below what Post estimates is needed to meet federal standards. Limited production makes it unlikely Canada will become a major player in the global ethanol market.
A rapidly growing middle class in North Asia is expected to boost demand for U.S. agricultural exports over the next decade.