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Australian sugar production is projected to reach 4.8 million tonnes in 2015/16 assuming that average seasonal conditions prevail.
Cane sugar production for MY (May/April) 2015 is forecast at 1.24 MMT, up from 1.22 MMT in MY2014.
The U.S.-Peru Trade Promotion Agreement (PTPA) has led to record food and agricultural product exports for both countries.
Australian wheat production is forecast at 24 million tons, assuming average rains, while barley production is expected to be stable at 8.5 million tons despite a slight fall in the harvested area.
In 2015/16, Australian cotton production is forecast to be 2.2 million bales assuming average rainfall.
On March 14, 2015, Peru’s Ministry of the Environment announced a fine structure for any company in non-compliance with the 10 year moratorium on genetically modified organisms.
Shrimp exports from Peru are estimated at 18, 000 MT in CY 2015, a six-fold increase from 2003 due to strong export demand.