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- (-) Grains, Feeds and Fodders
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Domestic and export prices continued to increase around 1 to 2 percent due to tighter domestic supplies. The new public tender for 1.2 million metric tons will be issued on May 19, 2016.
MY2016/17 rice production is revised down to 17 million metric tons due to water shortages.
Production of rice, beans, and pulses is forecast to decline in MY 2015/16 due to unfavorable weather conditions.
Post continues to forecast MY 2016/17 wheat production at 88 million metric tons (MMT) based on the initial harvest reports from the major producing states.
According to Statistics Canada planting intentions and assuming average yields, Post forecast total production of wheat, barley, corn and oats to reach 53.6 million metric tons (MMT) in 2016/2017.
Australian wheat production in 2016/17 is forecast at 24 million MT, around the same level as the previous year.
Total wheat production increased 8% in MY2015/2016 reaching 1.6MMT. Production is expected to decrease on MY2016/17 as prices for domestic producers declined in MY2015/16.
Domestic and export prices continued to increase around 1 to 2 percent as domestic supplies remain tight.
Russian and Irish Officials Discuss Cooperation . . . GOR Order on Distribution of Subsidies Among Provinces . . . Russian Officials Meet to Improve Legal Framework for Aquaculture