Grains And Oilseeds News in Brief

In July unrefined palm oil in Indonesia rises to 3.5 million tonnes at 3.2 million tonnes in June

In July, export of unrefined palm oil is 2.4 million tonnes (2.2), with higher demand on part of India, China and the EU. During the month domestic consumption of palm oil was 848,500 tonnes (937,500).

Grain crop in Belarus in 2017 will be by 1 million tonnes higher than the previous year or about 8.15 million tonnes. The average grain yield will be 3.57 mt/ ha, which is almost 0.25 mt/ ha more than 2016.

During the first four months of the season (which starts on March 21, 2017), Iran imported 47,000 tonnes of sunflower. 28,000 tonnes were shipped from China, followed by the UAE, the US, Russia, Switzerland, Bulgaria and Turkey.

Analysts from Informa Economics raised the forecast for average US corn yield from 165.9 bushels / acre to 169.2 bushels / acre. The crop will be 358.7 million tonnes. The average US soybean yield is expected at 49.4 bushels / acre (47.3 bushels / acre in July) and the crop - 118.4 million tonnes.