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Post revised all dairy tables for calendar year 2018 to reflect problems suffered by dairy producers.
Brazil’s GDP reached R$6.6 trillion (US$2 trillion) in 2017. This represented not only an increase of 1 percent growth, but also a way out of the recession that hit Brazil in 2014.
Market year 2018/19 corn production is forecast higher at 95 MMT based on an expected return to normal yields and expanded safrinha area in response to higher prices.
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....
Pakistan’s did not renew the 2018 subsidy on wheat exports, announced earlier this year ($159 per metric ton), that expired on June 30.
Brazil’s MY 2018/19 sugarcane crush has been revised down to 610 million metric tons (mmt), due to dry weather in the major growing areas of São Paulo and Parana during the harvest season.
Post forecasts 2018/19 production at 123 million metric tons (mmt), a 3 percent increase on the previous season.