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Soybean imports are expected to reach 3.1 million metric tons (MMT), reflecting additional crush capacity to increase domestic soybean meal and oil production.
Post forecast overall sugar production of 530,000 Metric Tons (MT) during Marketing Year (MY) 2017/2018 (October/September).
Heavy rains, landslides and flooding continue in Peru.
Higher cotton prices in MY16/17 and continued government’s subsidies are expected to encourage cotton farmers to moderately expand cotton acreage in MY17/18.
Given the uncertainty over the latest drought’s impact in certain parts of the country, production estimates for corn, sorghum, and millet for MY17/18 (Oct-Sep) are being held steady.
India’s total oilseed production in marketing year (MY) 2017/18 (Oct-Sept) is forecast to rise seven percent to 38.6 million metric tons (MMT), derived from 40 million hectares.
Read how the USDA Borlaug Fellowship Program supported research to fight devastating disease and insects in the production of Malaysian cocoa.
Spanish area planted to cotton for MY 2017/18 will show marginal growth compared to 2016/17 levels.
Pakistan’s marketing year 2017/18 cotton production is forecast at 8.5 million 480 lb bales, up 10 percent from a year ago due to an expected increase in area.
Pakistan’s soon-to-be harvested 2017/18 wheat crop is forecast at 25.2 million metric tons, marginally lower than a year ago.
Pakistan is one of the largest edible oil importers in the world and MY 2017/18 imports are forecast at record 3.6 million metric tons.
The EU28’s grain harvest is forecast to rise three percent in MY2017/18 despite little change to the planted area.