On September 16, the International Cooperation Department of the Ministry of Agriculture and Rural Affairs released the Overseas Agricultural Information Express (No. 169)
1. The U.S. Department of Agriculture updated the global supply and demand forecasts for major agricultural products on September 11. It is estimated that the total global cereal output in 2020/2021 will increase by 2.4% over the previous year, the oil production will increase by 5.5%, and the cotton output will decrease by 3.9%; the total U.S. cereal output will increase. 7.8%, oil production increased by 19.4%, cotton production decreased by 14.3%; compared with last month’s forecast, the forecast for US corn and soybean production has been revised downward.
2. The latest forecast by the Brazilian Ministry of Agriculture shows that the total agricultural output value in 2020 is expected to be 146.3 billion reais, a year-on-year increase of 10.1%. Among them, the output value of crops accounted for 67.3%, a year-on-year increase of 13.6%; the output value of animal husbandry accounted for 32.7%, a year-on-year increase of 3.7%.
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