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- (-) April 2015
- (-) Brazil
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The Venezuelan sugar industry expects domestic sugar production to drop in MY 2015/2016, constrained by price controls and limited foreign exchange to import raw sugar.
The lack of agricultural inputs, price controls and rising production costs continue to negatively impact agricultural production in Venezuela.
2015/16 wheat production is expected to increase 10 percent to 6.5 million metric tons (mmt) with a return to normal weather.
Post forecasts planted area for cotton on 2015/16 to drop to 950,000 hectares as a result of low global prices and high cost of production.
FAS/Brasilia forecasts 2015/16 soybean production at 94 million metric tons (mmt) despite a drop in planted area to 31.1 million hectares, a decrease of one percent compared to 2014/15.