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For marketing year (MY) 17/18, Post revises total paddy production down slightly, from 46.31 million metric tons (MMT) to 45.55 MMT, compared to the USDA official number.
Refined sugar production is forecast at 6.5 million metric tons (MMT) for marketing year 2018/19 (MY Oct/Sept), down 12 percent from the current year’s estimate of 7.4 million metric tons....
Post revises its forecast for soybean imports for marketing year (MY) 2018/19 (calendar year [CY] 2019) at 2 million metric tons (MMT), a significant increase from the MY2017/18 estimate....
Pakistan’s did not renew the 2018 subsidy on wheat exports, announced earlier this year ($159 per metric ton), that expired on June 30.