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- (-) May 2018
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In order to maintain soybean processing at normal levels, Argentina is importing US soybeans for the first time in over two decades.
For CY 2018, production of the two types of fresh deciduous fruit is forecast to decrease to 530,000 MT for apples and 530,000 MT for pears from official USDA estimates.
The Ethiopian Sugar Corporation (ESC) recently floated an international tender for 200,000 metric tons of sugar.
Ethiopia’s coffee production for MY18/19 (Oct-Sep) remains largely unchanged from the previous year at 7.1 million 60-kilo bags (~426,000 metric tons).
Pulses play an important role in Ethiopia’s food security and economy. Production is estimated at 2.5 million metric tons in 16/17 (Jun-Jul).
The Ethiopian government recently retendered for a third time to buy 400,000 tons of imported milling wheat for the country’s bread subsidy program.
While MY2018/19 Argentine forecast for sugar production and consumption maintain stable levels, exports plummet to 150,000 tons (raw value), due to stagnant production and lower beginning stocks.
For marketing year 2018/19, Argentine wheat production is forecast at a historic high of 20 million tons driving record exports of 14.2 million tons.