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In MY2015/2016, total raw sugar production is forecast to increase 3 percent to 2.127 MMT from MY2014/15 due to an increase in raw beet sugar production of 60,000 MT or a total of 1.210 MMT.
Australian sugar production is projected to reach 4.8 million tonnes in 2015/16 assuming that average seasonal conditions prevail.
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.
Soybean imports are expected to reach 1.97 MMT, reflecting additional crush capacity and soy meal demand.
The Ministry of Agriculture and Land Reclamation announced it would not directly provide cash subsidies for MY2015/16, after offering such subsidies to farmers for the first time in MY2014/15.
News on developments in agriculture and food in Egypt.