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Another big production year for Australian grains is forecast in marketing year (MY) 2021/22 after a strong drought-recovery year in MY 2020/21.
Australia’s sugar production is forecast to increase to 4.4 million metric tons (MMT) in marketing year (MY) 2021/22, from an estimated 4.335 MMT in MY 2020/21.
With sugar production zones recovering from the drought that affected the country in the past years, Post forecasts an increase in sugar production to 610,000 metric tons (MT) during Marketing Year (MY) 2021/2022 (October/September).
Wheat consumption in the Dominican Republic (DR) during Marketing Year (MY) 2021/2022 (July 2021/ June 2022) is forecast at 455,000 metric tons (MT), with imports at 590,000 MT.
Australian oilseed production is expected to be strong again in marketing year (MY) 2021/22, continuing the recovery that started in MY 2020/21 following two years of extreme drought.
As of September 2020, the Dominican Republic’s food processing industry was valued at $2.5 billion, with an additional $0.7 billion for processed beverages and other products during the same period.
Cotton production in Australia is set to climb to 3.9 million bales in marketing year (MY) 2021/22, 50 percent higher than the estimated MY 2020/21 result and 15 percent above the previous 10-year average.