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- (-) April 2018
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Post forecasts 2018/19 soybean production at 115 million metric tons (mmt), the second largest crop on record.
Brazil’s MY 2018/19 sugarcane crush is estimated at 628 mmt, a decrease of 11 million metric tons compared to the previous crop, mostly due to below average crop management and slower stock....
MY2017/18 corn production is forecast lower at 89 million metric tons (MMT), based on reduced area for first and second-crop corn and an expected return to average yields.
Post forecasts cotton planted area for 2018/19 to increase to 1.2 million hectares, the highest level since 2012, based on higher prices and domestic demand.
The United States’ position as the leading supplier of cotton to Indonesia was overtaken by Brazil during the period August 2017 to January 2018.
Indonesia offers significant opportunities for U.S. ingredient suppliers to meet the demand for raw materials for its food processing industry.
Rice production in 2018/19 is forecast to increase only slightly, and low stocks and high prices will continue to require rice imports.