Asia: Crop
Economically beleaguered Asian economies are projected to shrink again in 1999 and enter positive territory in 2000.
Over the long-run, real GDP growth of these countries stays below their average growth in the past two decades.
Far East Asian currencies, devalued by 50 to 200 percent in 1998, are projected to stabilize during the next decade.
Continuing slow down of Chinese economy to a mere 4 percent in 1999 and recovers slowly to 8 percent by 2002.
Despite the recent crisis, Asian wheat imports in 1998/99 are likely to be unaffected, mainly because of GSM credit and food aid programs.
East Asian countries, such as Pakistan and India, are likely to remain a growth market for wheat.