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Post raises Argentine 2015 sugar production estimate to 2.05 million tons, a small increase from USDA’s number due to beneficial weather during harvest time.
It is estimated that the value of Austrian agricultural and food products banned by Russia in total account for more than 40 percent of total Austrian agricultural exports to Russia.
2014/15 soybean production area is forecast at 21 million hectares, with production forecast at 57 million metric tons (mmt), based on commodity prices and currency hedging.