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The EU-28 sugar production for food purposes for MY 2016/17 is forecast at 16.5 million MT in raw sugar equivalent (RSE), with another 0.9 million MT produced for industrial purposes.
Malaysia has a dynamic hotel and restaurant industry. Changing lifestyles and growing middle class underpins demand.
With per capita income of over $10,800 and a middle and upper class making up 50 percent of the population, Malaysia shows good potential for growth as a market for high value consumer products.
According to Philippine Sugar Regulatory Administration (SRA) data, MY 2014/15 (Dec/Nov) raw sugar production decreased by 15 percent to 2.15 MMT.
Indonesian sugarcane production in marketing year (MY) 2015/16 is estimated to decline to 27.0 million metric tons (MMT) due to El Nino related weather conditions.
Australian sugar production is forecast by Post to remain at the official estimate of five million MT in 2016/17.
In 2016/17, cotton production is expected to reach 2.5 million bales, assuming the continuation of average seasonal conditions.
Post estimates Vietnam’s wheat imports volume in the MY 2015/2016 at 2.60 million tons, an increase of about 300,000 tons compared to MY 2014/2015 imported volume.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
Dairy commodity prices for New Zealand's major dairy exports have dropped 57% since February 2014.
Post expects marketing year (MY) 2015/16 Indonesian wheat imports to increase by 1.6 percent to 7.6 million metric tons (MMT), compared to 7.478 MMT in MY 2014/15.
Export prices increased around 1 percent due to the strengthening of the Thai baht and tight domestic supplies.