Unclassified / Non classifié

2024-25 is forecast to decline to $400/tonne, but Trade is forecast to expand by only 1% to 9.12 Mt with upward pressure in the event of any major and total demand to drop 3% to 33.8. [...] the total in the first three months of the current crop Supply is projected to fall by 4% to 18.5 Mt as the year to 905 Kt, a substantial increase from 136 Kt decline in production and imports is expected to be imported in the same period for last year and 225 Kt only partly offset by an increase in carry-in stocks. [...] Total supplies are are forecast to rise slightly to 4.95 Mt, the second estimated up 7% from last year to 7.8 Mt and 3% highest on record compared to the 5.64 Mt shipped above the five-year average of 7.61 Mt as larger out of the country in 2018-19. [...] The average price is forecast to With the smaller supply, carry-out stocks are be lower than 2023-24 due to expectations for an expected to be lower than the previous year. [...] For 2024-25, the area seeded is forecast to be 5% For 2024-25, the area seeded is expected to fall due higher because of tighter carry-out stocks and to lower yields and returns from the previous year.