The following GAIN reports were released on August 29, 2024. _______ The People's Republic of PRC (PRC) bio-based diesel (BBD) exports are expected to drop following the EU provisional antidumping duties of up to 36.4 percent on biodiesel and hydrogenation-derived renewable diesel (HDRD), though sustainable aviation fuel will provisionally be excluded from further duties. The PRC adopted a series of new policies to promote domestic biodiesel and HDRD consumption. At the same time, ethanol production and demand are forecast to increase by 17 percent on low feedstock/corn prices while capacity remains unchanged. In MY 2024/25, EU production of stone fruits (peaches and nectarines, and cherries) is estimated to exceed last season's levels. Favorable conditions across many growing Member States support a production recovery, which is projected to allow for both larger exports and domestic consumption. FAS Bangkok forecasts Thailand's rice and corn production to increase in MY 2024/25 due to acreage expansion and average yield improvement, compared to MY 2023/24. Thai rice exports in 2024 are expected to decline 7 percent from 2023. MY 2024/25 wheat imports are likely to decline due to high inventories and the expected recovery of MY 2024/25 corn production. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. |
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