News In Brief

The authorities in Turkey have confirmed the introduction of import limit on Russian wheat.

As of March 16, 2017, 10% of corn areas in Argentina have been harvested according to Buenos Aires Grain Stock Exchange. Production exceeds th expectations and the yield forecast for 37 mln tons remains unchanged.

Egypt's State Company GASC purchased 75,000 tons of sunflower oil and 30,000 tons of soybean oil on March 16, 2017.

Between March 3 and March 9, export wheat sales in the USA went down despite the growth expectation. Sales are 36.6% bigger since the start of the season compared with the previous season (+36.7% the previou week). Mexico with 118,500 tons, China with 103,000 tons, Indonesia with 74,400 tons and Cameroon with 37,000 tons were the biggest wheat buyers. Earlier sgined contracts were cancelled by an unidentified buyer with 182,700 tons, South Korea with 10,200 tons, Guatemala with 9,200 tons and Japan with 4,200 tons. Mexico with 85,800 tons, Indonesia with 74,300 tons, China with 63,000 tons, Morocco with 62,700 tons, Thailand with 57,900 tons and Peru with 49,600 tons were the biggest wheat receivers.