| The following GAIN reports were released on Friday, May 28, 2021. _______ Milk production in Australia in 2021 is forecast for a further increase to 9.2 million metric tons (MMT) on the back of a dramatic turnaround in 2020 as a result of drought-breaking rains and an excellent pasture and crop growing season in eastern Australia. Milk production conditions continue to be favorable in 2021, including strengthening milk prices. However, the year-to-year increase in milk production is smaller than previously estimated as some dairy producers continue to exit the industry and some dairy farms shift to beef production. Fresh milk consumption in 2021 is forecast to remain stable, with a small increase in factory use consumption, primarily for cheese. Cheese production is set to expand three percent in 2021 taking up 60 percent of the manufacturing milk volume. Coffee production in marketing year (MY) 2020/2021 experienced a 15 percent drop compared to the previous year. The lack of maintenance of coffee plantations due to the limited access to credit and the impact of hurricanes ETA and IOTA during the MY 2020/2021 coffee harvest were the main drivers of the decline. For MY 2021/2022, coffee associations anticipate a moderate growth of at least five percent for a total of 2.38 million 60-kilogram (KG) bags but do not foresee a full recovery since investments on the coffee sector remain stagnant. Export prices for all rice grades remain unchanged from the previous week. The third and worst wave of COVID-19 in Thailand has raised concerns about domestic consumption and the economy.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. | 
No comments:
Post a Comment