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For calendar year (CY) 2016, Post revised its apples production forecast down to 1 million metric tons (MMT), an 18 percent drop.
2015/2016 wheat production is estimated at 5.5 million metric tons (mmt) and is in good condition due to favorable weather in the south of Brazil.
Brazil’s MY 2016/17 sugarcane crush is revised downward at 658 mmt, due to dry weather and inadequate crop management. Approximately 45 percent of the crop should be diverted to sugar, a clear sign...
A record Brazilian soybean crop of 101 million metric tons (mmt) is forecast for the 2016/17 MarketingYear (MY) as a result of a slight increase in planted area.
Post forecasts both beef and pork production to continue to increase in 2017 to 9.5 million metric tons and 3.8 million metric tons, respectively.
FAS/Brazil facilitated over US$ 3 million dollars so far in 2016 in U.S. exports of milk powder to Brazil in response to a domestic shortfall.
Post forecasts broiler production to increase by three percent in 2017 to 14 million metric tons as a result of higher world demand for the Brazilian product.
The Brazilian ethanol-use mandate remains unchanged at 27 percent (E27).
A lower than anticipated domestic corn supply is forcing prices up, putting pressure on the pork and poultry sectors, and forcing the government to intervene.
The United States exported 836 million gallons of non-beverage ethanol in 2015, nearly all of which was used for fuel.
Brazil's limited corn supply is driving domestic prices up and having a significant impact on the pork and poultry sectors.
2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), down 6 percent from the previous year as some producer switch to more profitable crops like corn and soybeans.