MARKET NEWSLETTER – SEPTEMBER 2017

The meeting of the IOC Statistics Working Group was held on 29 September 2017. According to the provisional data provided by the countries, global production in the 2016/17 crop year is set to reach 2 538 000 t, for a 20% decrease, down by 631 500 t compared to the previous crop year; consumption stands at around 2 740 000 t (-9%); imports and exports are coming in at 799 000 t and 798 500 t respectively. The member countries of the IOC produce a total of 2 349 500 t, which are 93% of total world production for 2016/17....