News In Brief

On March 15, 2017 Algeria bought 480,000 tons of wheat of random origin at 204 – 206 USD/tons C&F and a May delivery.

According to information from Zambia's Ministry of agriculture, corn yield in the current season will exceed 3 mln tons versus 2.87 mln tons a year earlier.

The government of Turkey decided to stop wheat import altogether in view of its lower quality. The decision is definitely political.

On March 15, 2017 private Israeli importers bought 40,000 tons of corn at 181.9 USD/ton C&F. The purchase of wheat and barley was not completed.

Saudi Arabia has announced an auction for the purchase of 1.5 mln tons of barley fodder to be delivered in May and June.

Japan purchased 146,500 tons of milling wheat from the USA and Canada to be delivered between April 24 and June 20, 2017.

Ethanol production in the USA grew to 1.045 mln barrels daily in the past seven days. Ethanol production in the USA has been 1 mln barrels daily for the past 20 weeks.

2.47 mln palm oil were exported from Indonesia in January versus 2 mln tons in January 2016, Oil World reported. Unrefined palm oil export was 764,000 tons (439,000) while refined palm oil export was 1.71 mln tons (1.56). 9.51 mln tons of palm oil (9.44) have been exported from the country in the first four months of the season. Indonesia and Malaysia reduced their palm oil export by 0.6 mln tons in the same period. The world palm oil export will grow by 2.5 mln tons between March and September 2017.