The Indian Business Owner TIBO Magazine - Volume 001 - Page 29

for over 75 percent of total output. World exports, dominated by the United States, Chile, and Ukraine, are expected to increase 73,000 tons to 684,000 tons. Selected Producers • China rises 100,000 tons to 1.0 million primarily on higher bearing area. • The United States gains nearly 30,000 tons to a record 547,000 on higher bearing area and yield. Selected Exporters • The United States is up 75,000 tons to a record 460,000 on higher demand in top markets EU and China. • Ukraine advances just 3,000 tons to 63,000. Exports, once dominated by shipments to Russia, struggle to gain market share in the EU and China. • Chile slips 2,000 tons to 75,000 on reduced market share in the EU and Turkey. Selected Importers • EU is up 28,000 tons to 215,000 on rising demand 27 |TIBO Magazine - Fall 2016 in Germany, Italy, and Spain from snack foods and cooking ingredients on the retail side and pastries on the industrial side. • Turkey gains 17,000 tons to 85,000 as domestic production remains below the long-term average. • China rises 14,000 tons to 85,000 after falling the previous 2 years. Tony Halstead Tony.Halstead@