(24 Sep 2015)
OUTLOOK FOR 2015/16
- The 2015/16 northern hemisphere harvest is now underway and with planting in South America also beginning, world production is forecast at 967m t, 4% lower than last year.
- Amid low prices and strong demand for meat and starch, world consumption is forecast to be maintained at a historically high level.
- Smaller crops may contain feed use in some countries, especially in the EU and US.
- Announced changes to China’s 2015/16 price support polices were less radical than some traders had previously expected.