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On April 16, 2021, the Government of Turkey (GoT) removed the three percent anti-dumping duty on U.S. cotton.
Sugar beet production and planting area is forecast at 19.5 million metric tons (MMT) and 320,000 hectares (ha) in MY 2021/22, assuming favorable growing conditions.
Brazil’s Marketing Year (MY) 2021/22 sugarcane crop is estimated at 635 million metric tons (mmt), a decrease of three percent compared to the final estimate for MY 2020/21 (657 mmt).
Rainfall was scarce for most of the winter in the main grain growing regions in Turkey. In MY 2021/22, total wheat planting area is projected down to 7.05 million hectares, with total production at 17.6 million metric tons (MMT).
With about two-thirds of the Brazilian population on social media, Brazil is home to over 140 million social media users.
Turkish cotton planting area and production for Marketing Year (MY) 2021/22 is projected to be about 450,000 hectares and 740,000 metric tons (MT) (3.4 million bales).
Post forecasts that Brazilian producers will expand soybean planted area to reach 40 million hectares (ha) in 2021/22 season, up from the estimated 38.5 mn ha planted in the 2020/21 season.
Post maintains its corn production forecast for MY 2020/21 (March 2021–February 2022) at 105 million metric tons (MMT), based on the smaller-than-expected first crop of corn paired with widespread delayed planting of second-crop “safrinha” corn.
Brazil continues to present opportunities for U.S. exporters of ingredients, with its food processing industry market estimated in 2020 at $152 billion, an increase of 12.7 percent compared to the previous year.
For 2021/22, Post forecasts cotton planted area to rebound 11 percent compared to the current season, to 1.6 million hectares.
Despite the COVID-19 health crises with its political and economic difficulties, the food processing industry is still one of the largest industries in Turkey.
Despite the COVID-19 health crises with its political and economic difficulties, the food processing industry is still one of the largest industries in Turkey. There are 51,338 food processing and 649 beverage products enterprises in Turkey as of 2019.