The next tender will take be held on June 7th, 2017.
Chinese importers have started cancelling already concluded contracts for soybean shipments, mainly from Brazil. Last week, shipments of five lots were cancelled, and three more lots were resold in neighboring countries. From the beginning of the year, soybean import to China has risen strongly against the backdrop of Brazil's record soybean crop and lower prices. At the same time, a large amount of rapeseed oil was sold out of the Chinese state reserves. High oil supply in China lowered domestic prices and affected processors who now suffer negative margins.
The Zambian government does not plan to lift the export duty on corn, which is now 10%. The aim of the authorities is to increase the processing of corn in the country that creates jobs, and Zambia will export corn products.
Mexico is exploring the possibilities of importing grain from Brazil in order to reduce import dependence on US products.
The South Korean company MFG has announced a tender for the purchase of 140,000 tonnes of corn of optional origin for October shipment.
In Argentina, a three-day strike of the Senasa grain inspectors started.
In the new season, import of soft wheat into Spain will reach 5.53 million tonnes, which is 850,000 tonnes more than the previous season and 1.35 million tonnes more than the forecast for the current season.
