News in brief

24 Jan, 2017
News in brief
The Philippines will increase the production of all main grans in the first half of the current year, including rice by +11,7% up to 3,71 mln tons, corn by +29,9% up to 3,67 mln tons thanks to the increase of area and crops.

Information from the Ministry of Agriculture of India suggests that wheat harvest in the country will increase by +3 mln tons in 2017 compared with last year up to 96,5 mln tons. The increase follows two consecutive weak years. Wheat fields grow in area by +9 mln decares up to 313 mln decares during the season. The result will be achieved only in favourable weather conditions. If the forecast is achieved this will all-time record wheat harvest.

Farmers in Pakistan have sowed 88 mln decares of wheat, which is 1,7% lower than planned. The governmental forecast for the harvest is 26,01 mln tons of wheat, including 19,51 mln tons in Punjab Province, 4,2 mln tons in Sindh Province, 1,4 mln tons in Khyber Pakhtunkhwa Province and 0,9 mln tons in Balochistan Province.

Nature Communications research states that grain harvest in the USA will go down at the end of the century by 20 to 50% as a result of the climbing temperatures. For example, The High Plains will not offer conditions for irrigation following the rising temperatures. Wheat harvest will go down by 20%, corn will be down by 50% and soybean will decrease by 40%.

South Korean millers bought at the end of last week 87,500 tons of milling wheat from Australia at 210 – 230 USD/ton FOB.

Taiwan Millers' Association carried out an auction for the purchase of 93,600 tons of wheat. The purchased amount covers the demand and was acquired at 204,9 – 290,3 USD/ton C&F.

On January 20, 2017 New York KOCOPIA Association bought at an auction 60,000 tons of yellow corn of random origin at 195,9 USD/ton C&F.

A group of private Israeli importers bought 85,000 tons of corn, 40,000 tons of fodder wheat and 25,000 tons of fodder barley.

During the week commencing on January 16, 303,234 tons of grains were exported from the Russian port of Novorossiysk, which is 47,6% more than the previous week and 38,7% more than the same week of the previous year.

Information from the Institute of Agricultural Economics in Mato Grosso states that on 21.01.2017 soybean harvest in this Brazilian state is 11,9% completed (+6% for the week). 15% of the fields had been expected to be harvested during the week. The delay is due to the rain which will continue but with lower intensity. This may lead to a quality drop in the new harvest.