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Wheat production for crop 2016/17 is forecast at 1.0 million tons, lower than the previous year due to expected low farmer returns.
Ecuador’s wheat production in marketing year (MY) 2016/17 (July-June) is forecast to reach 4,000 metric tons (MT), down about 1,000 MT from the MY 2015/16 estimate.
Wheat consumption in the Dominican Republic during Market Year 2016/2017 (MY 2016/17) is forecast at 405,000 Metric Tons (MT), with imports remaining strong at 530,000 MT.
The weak Brazilian currency and high inflation, fueled by an uncertain political atmosphere, will have a large impact on all producers in Brazil.
A new government took office in December implementing rapidly policy changes to support the local agricultural sector.