Even as flour production drifted lower in the third quarter, flour capacity was up.
USDA-FAS projects a 6.9% drop in total corn output to 1.35 million metric tons, while milled rice production is anticipated to decline by 6.7% to 1.8 million metric tons.
Australia’s barley production is forecast to reach a record of 17.7 million metric tons (MMT) in 2026/27, while wheat production is forecast to decline 11% to 32.0 MMT.
The revised estimate is down from 6.32 million tonnes in the previous season and from the USDA’s earlier June forecast of 4.5 million tonnes.
The program aims to support smallholder farmers, improve their access to financing and markets, introduce digital technologies, and attract private investment.