Thursday, May 6, 2021

GAIN Reports from Wednesday, May 5, 2021

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The following Global Agricultural Information Network (GAIN) reports were released on Wednesday, May 5, 2021.

 

Bosnia and Herzegovina: Grain Update

Farmers in Bosnia and Herzegovina (BiH) are expected to plant MY 2021/2022 corn on 200,000 hectares with an expected production of 1.2 million metric tons. Last year's corn area was 200,544 hectares, with corn yield in some areas reaching a record level of 10 to 12 metric tons per hectare. With an average yield of 7.1 tons per hectare, corn production totaled 1.43 million metric tons. MY2021/2022 wheat was planted last autumn on 65,350 hectares (a seven percent decline from the previous season), with excellent weather conditions leading to expected production of 274,470 metric tons. BiH depends on grain imports and annually imports about 350,000 metric tons of wheat and 200,000 metric tons of corn. Main suppliers of wheat and corn to BiH are Hungary, Serbia, and Croatia

 

Ecuador: Sugar Annual

Sugar production in marketing year (MY) 2020 is estimated to decrease by two percent compared to MY 2019 levels. Domestic consumption is forecast to remain stable with small reductions in the current and previous years due to COVID-19, which has caused a reduction in overall consumption due to economic and health issues. As sugar supply and demand finds an equilibrium, ethanol production and a possible increase in the ethanol blend rate could help to absorb some excess sugar supply. 

 

India: Cotton and Products Update

Post forecasts India's MY 2021/22 cotton production will increase by four percent to 29.5 million 480 lb. bales on a reduced area of 12.9 million hectares. Yields are expected to improve by five percent based on the expectation of a normal monsoon forecast by the Indian Meteorological Department. In April, cotton fiber and yarn prices decreased due to a surge in COVID-19 cases, which has led to a slowdown in the production and consumption of textile products. Domestic retail demand remains severely hampered by the pandemic; however, exports of cotton and cotton products are rising, providing the best chance of recovery in the sector.

 

Kenya: Sugar Annual

Kenya's sugar production is expected to increase in marketing year (MY) 2021/22 due to good weather, better agronomic and harvesting practices, and increased investments in mills. During the same period, consumption is forecast to rebound as hotels and restaurants reopen after COVID-19. Meanwhile, sugar imports are forecast to decrease following the capping of an import quota on sugar by the Government of Kenya (GOK) in January 2021. This event is also expected to lead to higher ending stocks in MY 2020/21.  

 

For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.

 


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