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On February 1, 2015, China issued a major policy document on agriculture calling for a coordinated response to rising production costs and internationally uncompetitive prices.
South Africa’s net trade in corn is expected to decrease from 2.0 million tons to 100,000 tons in the 2014/15 MY, due to a mid-summer drought that hit the main corn producing areas.
In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”
Post forecasts that the South Africa grape crop for wine production will decrease by two percent to 1.490 million tons in 2015, from the peak production of 1.520 million tons in 2014.
China produced and consumed more than half of the world’s pork supply in 2014.
China continued to dominate the global oilseeds market in MY13/14, especially in soybeans where it took 65 percent of total world exports, and 30 percent of total U.S. soybean production.
China is the world’s second largest poultry producer, and a major destination for U.S. poultry.