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Wheat exports for 2017/18 are forecast at 10.5 million tons, slightly higher than the previous year. Barley area for 2017/18 is forecast to drop for the second year in a row.
ruguayan beef exports for 2017 are forecast down marginally at 382,000 tons carcass weight equivalent.
Poultry production growing at five percent a year continues to drive demand for imported U.S. corn, making Peru our fifth largest overseas market.
The lack of agricultural inputs, price controls and rising production costs continue to negatively impact agricultural production in Venezuela.
Record corn production at 93 million metric tons (mmt) and low commodity prices will increase corn stocks in 2017/2018 and could encourage government intervention.