World Agriculture Production Report by United States Department of Agriculture for the month of October has been published, while report has suggested that heavy rains in nearby nation Bangladesh which may be 78 per cent higher than the long term average of the country ‘with impact on rice production due to landslides etc. around 6, 00,000 Ha of land had been impacted due to flood.
Report has also highlighted about the expectation of record corn yields in People’s Republic of China. It says, ‘USDA estimates China’s 2017-18 corn production at 215.0 million metric tons (mmt), unchanged from last month, down 4.55 mmt or two per cent from last year. Projected area of 35 million hectares is unchanged from last month but down five per cent from last year. Area has shown a downward trend in recent years, particularly in the Northeast, as reductions in government support for corn has increased profitability for alternative crops such as soybeans. Yield is forecast at a record 6.14 tons per hectare, unchanged from last month, and up three per cent from last year.
While Mexico’s corn production has also been project to increase for the year. Mexico is known to be one of the major corn producers of the globe. Australia which is a major producer of wheat may remain low on its winter crops on the other hand, says the USDA estimates. It says, ‘Australia’s 2017-18 wheat production is estimated at 21.5 million metric tons (mmt), down 1.0 mmt or four per cent from last month, and down 12.0 mmt or 36 per cent from last year. Area is estimated at 12.5 million hectares (mha), unchanged from last month, up 0.1 million or one per cent from last year. The yield estimate of 1.72 tons per hectare (t/ha) is the second lowest in the past ten seasons. The two lowest yields occurred in the severe drought years of 2002-03 and 2006-07’.
India’s Projection Another Good News
As per the projection of United States Department of Agriculture, “Production for the wheat in India may become another record”. USDA estimates wheat production for 2017-18 at a record 98.4 million metric tons, up 13 per cent from last year. Yield is estimated at a record level of 3.22 tons per hectare, up nearly 12 per cent from last year. The increase is due to favourable weather, boosting yields in the main wheat producing areas. Harvested area is estimated at 30.6 million hectares, up slightly from last year. The increase in area is attributed to strong domestic prices resulting from tight domestic supplies.