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Source: US Department of Agriculture Foreign Agricultural Service

Post revised its marketing year 2019/2020 (MY19/20) and MY20/21 total corn consumption estimates up to 14.25 million metric tons (MMT) and 15.00MMT, respectively, due to higher feed and ethanol ingredient demand; these estimates are lower than the USDA official numbers. Post revised its estimates for MY19/20 total wheat consumption down to 3.45MMT and, for MY20/21, to 3.50MMT, on reduced feed and residual. These estimates remain higher than the USDA official numbers. Post maintains its paddy production estimates for MY19/20 at 43.50MMT (27.19MMT milled equivalent), higher than the USDA official number. Cultivation of the Autumn crop started later this year in some areas to avoid the impacts of drought and salinity intrusion caused by below average rainfall and Mekong River water flows. Post maintains its MY20/21 paddy production forecast at 7,500 thousand hectares (THA) and 43.50MMT.