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Brazil’s MY 2016/17 sugarcane crush is estimated at 680 mmt, a two-percent increase compared to the previous season due to good weather conditions that favored steady development of sugarcane stocks.
MY 2015/16 seed cotton production in Burkina Faso, Mali, Cote d’Ivoire, Senegal, and Chad is expected to fall 7 percent from USDA official numbers to 1.7 million tons...
This report concerns only selected countries in West Africa (See table 1). MY2015/16 milled rice production is expected to reach 5.9 million tons, a 17 percent increase from last season production.
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season.
Post forecasts cotton planted area for 2016/17 to increase to 980,000 hectares based on higher domestic prices and export demand.
The weak Brazilian currency and high inflation, fueled by an uncertain political atmosphere, will have a large impact on all producers in Brazil.
Excise Tax on Industrialized Products (IPI) on alcoholic beverages was changed from an ad rem to an ad valorem system.