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Publication date: 30 March, 2011
Calculations are made on the basis of local marketing years (LMY). LMY refers to the 12-month period following the main harvest, when the crop is marketed (i.e., consumed, traded, or stored). Key producer LMY’s are: Australia - Nov/Oct; Canada - Aug/July; EU-27 - July/June; Russia - July/June; Ukraine - July/June; USA - June/May.
Source: USDA, March 2011