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- (-) April 2017
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Brazil’s MY 2017/18 sugarcane crush is estimated at 645 mmt, a one percent decrease compared to the previous season due to irregular weather conditions in some growing areas....
MY 2016/17 sugarcane tonnage grew as a result of La Nina conditions, although sucrose yields fell due to flowering.
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.
Post forecasts cotton planted area for 2017/18 to increase to one million hectares based on higher prices and domestic demand.
Feed-grade wheat import restrictions are driving down wheat imports, with MY 2016/17 estimated lower at nine MMT and 2017/18 at 9.45 MMT.
Indonesian importers report that anticipated increases in fossil fuel prices will drive down synthetic fiber demand, pushing up Indonesia’s expected cotton imports in MY 2016/17.