News In Brief

In the current season, American farmers’ profit will go down by 8.7% upon 2016 to 62.3 bln USD. The decline follows a 4-year trend.

Profit was 123.7 bln USD in 2013. Farmers’ debt is expected to grow by 5.2% more in 2017.

Tunisia has announced an auction for the purchase of 100,000 tons of hard wheat to be delivered between March and May.

Jordan has announced an auction for the purchase of 50,000 tons barley fodder of random origin to be delivered in July. An auction has been announced for the purchase of 100,000 tons of milling wheat.

Jordan Silos & Supply General Company from Jordan has announced an auction for the purchase of 25,000 tons of milling wheat.

200,000 tons of wheat will be exported from Russia to Bangladesh in the next few weeks. This is a government agreement at the price of 245 USD/ton C&F. The first lot will be delivered in Bangladesh on February 18, 2017.

Iran is planning to harvest 12.6 mln tons of wheat in the next Iranian year. Wheat areas have decreased by 2% to 57.8 mln decares so far in the season. Last year's yield was 14 mln tons and the State Trade Corporation bought 11.6 mln tons of them at a guaranteed price.

25.33 mln tons of wheat were exported from Russia in 2016. The total price was 4.22 billion USD.