We maintain a positive view of Turkey's sugar sector due to the strong growth potential of thecountry's confectionery industry and our belief that significant changes to its sugar production quotas willlikely occur in the coming years. We have made a number of downward revisions, and a few upwardsrevisions to our figures for production and consumption across Turkey's agribusiness sector since our lastquarterly update. We have revised downwards our forecasts for sugar, poultry, and corn production and forwheat, poultry, and corn consumption through to 2021. Meanwhile, we have revised higher our forecastsfor rice, wheat, and barley production and barley consumption. While 2016 was a turnaround year for thesector in the aftermath of the negative impact of the 2014 drought on the agricultural sector over the twoprevious years, we see 2017 as a year of consolidation for the industry and for the grains sector inparticular (even after taking into account the downwards revision of our forecasts).
Corn production growth 2016/17 to 2020/21: 1.5% y-o-y average to 6.9mn tonnes. Since our lastquarterly update, we have revised our forecasts for corn production downwards for 2017 and for each full-year period through to the end of our forecast period.