| 
The following Global Agricultural Information Network (GAIN) reports were released on Friday, October 2, 2020.
Malaysia: Oilseeds and Products Update
Post is adjusting its Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down 1 million metric tons (MT) to 19.7 million MT. Acute COVID-19 related labor issues are expected to negatively impact the Malaysian palm oil industry through at least the first quarter of the marketing year. Post is maintaining its MY 2019/20 CPO export estimate at 16.8 million MT. As expected, Indian import restrictions on Malaysian palm oil through the first eight months of the marketing year were only temporary and demand from India in the final four months of MY 2019/20 has increased significantly. Post's MY 2020/21 export estimate has been reduced 500,000 MT to 7 million MT. This decrease is based on expectations of a slower than previously forecast recovery in global palm oil demand following the COVID-19 pandemic.
Romania: Romania Approves COVID Subsidies for Farmers
The Government of Romania (GOR) recently approved direct payments for farmers to compensate for COVID-19 losses, particularly in the livestock and horticultural sectors. Funded by both national and European Union (EU) budgets, the subsidies will vary according to the farm size and type.
Philippines: Sugar Semi-annual
Philippine raw sugar production in MY 2020/21 is projected to reach 2.19 MMT, up two percent from the previous year due to improved sugar cane genetics and farm management. The Philippine Atmospheric, Geophysical and Astronomical Services Administration's recent alert of a likely La Niña event could moderately lower the production outlook, however. Sugar consumption in MY 2020/21 is expected to increase slightly to 2.35 MMT as the economy continues to recover from the COVID-19 pandemic, with higher demand from industrial and institutional users. Meanwhile, sugar imports in MY2020/21 are set to decline due to substantial ending stocks of refined sugar accumulated in MY2019/20. The Philippines may be able to fulfill the U.S. tariff rate quota in MY2020/21, as the Sugar Regulatory Administration allocated a higher portion of production (seven percent) to the U.S. market.
Thailand: Rice Price - Weekly
Rice export prices declined 1 percent due to the weakening of the Thai baht.
United Arab Emirates: Poultry and Products Annual
UAE consumption of chicken meat products has fallen but stabilized. Imports are projected to decline further in 2021 to 400,000 metric tons. The hotel, restaurant, and institutional sector has suffered greatly from COVID-19, and it accounts for the majority of import demand. The UAE market is expected to recover in late 2021 as major international events resume. UAE poultry producers have been able to take advantage of trade disruptions and are expanding with increased government investment.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.
| This email was sent to stevenmagallanes520.nims@blogger.com using GovDelivery Communications Cloud on behalf of: USDA Foreign Agricultural Service · 1400 Independence Avenue, SW · Washington, DC 20250 |  | | 
No comments:
Post a Comment