News In Brief

Egypt's trategic wheat stocks are sufficient to satisfy domestic demand in the next 4 months.

South Korean company Major Feedmill Group (MFG) has announced an auction for the putchase of 140,000 tons of corn.

The USA exported agricultural produce worth 134.9 billion USD in 2016, which is 1% higher than 2015. Grain export reached 30.6 billion USD (-2%), red meat 12.9 billion USD (+4%) and fodder and meal 11.6 billion USD (-11%). Corn export was worth 9.9 billion USD (+20%) or 56.0 mln tons (+26%), wheat export was worth 5.3 billion USD (-5%) or 23.8 mln tons (+12%).

On February 8, 2017, Tunisia bought 100,000 tons of hard wheat at 267.99 – 270.69 USD/ton C&F, to be delivered between March and May.

Japan has bought 111,520 tons of milling wheat from the USA, Canada and Australia, tobe delivered between April and May.