News In Brief

On March 17, 2017 Saudi Arabia purchased 1.51 mln tons of barley at 179.88 – 193.18 USD/ton C&F.

Indonesian government is stimulating farmers who grow oil palms to switch to growing corn. Before the end of 2017, corn areas which have substituted palm areas will have to reach one million hectares. Independent farmers in the country are processing about 45% of all palm plantations, which are 110 - 13 mln hectares. 3.7 mln decares are being sowed with corn while 19.6 mln tons of corn were produced in 2015. Corn import in the country dropped by 900,000 tons with an average level of  3.2 mln tons for the past years.

The millers' association has announced an auction for the purchase of 98,200 tons of American milling wheat to delivered in May and June.

Turkey has excluded Russia from the list of countries which can import wheat tax-free in the country.