News In Brief

South Korean association for fodder production KFA has announced an auction for the purchase of 50 – 65,000 tons of corn with random origin.

Philippine millers have purchased 54,000 tons of milling wheat from Australia to be delivered in June or July. Australian white wheat is currently being sold at 205 – 210 USD/ton FOB The Philippines. Indonesian importers have already fulfilled with Australian wheat half of their consumption for the months prior May. In January, India received 1 mln tons of Australian and Ukrainian wheat.  600 – 700,000 tons of wheat more are expected to be delivered in India before the end of February.

MARS reported that autumn crops in the EU and the rest of Europe were not damaged by winterkill. There has been insignificant damage in Sweden, Denmark, Germany, Hungary, Romania and the south of Russia.

The Ministry of Agriculture of Belarus reported that winter rapeseed areas in the country grew to 3.53 mln decares in 2017 versus 3.16 mln decares in 2016. The 2016 areas were largely plagued by winterkill, which affected 25% of them.

On February 22, 2017 Libya will carry out an auction for the purchase of 100,000 tons of milling wheat, 50,000 tons of hard wheat, 75,000 tons of corn and 75,000 tons of barley fodder to be delivered in May.

Ethiopia has purchased 400,000 tons of random origin wheat at 225.1 – 227.85 USD/ton C&F.