Grains And Oilseeds News in Brief

The EU lowers import duties on Argentine biodiesel. From September 20, 2017the duty will amount to 4.5 – 8.1%given the old 2013 rate – 22 – 25.7%.

Zimbabwe corn stocks are at the highest level for the past 17 years. In the current year the crop is very good - 2.1 million tonnеs, as 1 million tonnes are allocated for the state reserve.

 

Tunisia announced a tender for the purchase of 50,000 tonnes of feed barley of optional origin and October - December shipment

Japan announced a tender for the purchase of 127,400 tonnes of milling wheat from the US, Canada and Australia for November shipment.

On September 13, 2017 Algeria held an auction for the purchase of 35,000 tonnes of feed barley. Only two bidding offers are submitted as they were rejected.

As of September 13, 2017 in the United States, 13% of the areas planned for winter wheat are sown at 15% in 2016. and 15% on average over the past five years. Corn harvest was carried out on 7% of the areas (8% and 11%).

In July 2017, only 16,254 tonnes of wheat were exported from the United Kingdom given 205,005 tonnes in July 2016. The reduction is due to the poor harvest of French wheat last season, which gave up markets. Now the situation is the opposite, the French wheat is with excellent quantity and quality. In July, 155,497 tonnes of wheat were imported into the United Kingdom at 120,194 tonnes a year earlier.

Jordan announced a tender for the purchase of 100,000 tonnes of feed barley of optional origin and for October to November shipment.

In 2016 - 2017 export of sunflower oil from Russia reached the record 1,926 million tonnes, up 48% over the previous season and 16% above the previous record of 2013 - 2014. - 1,662 million tonnes - data from ProZerno. The major customer of Russian sunflower oil is Turkey with a share of 28.2%, followed by Egypt 16.5%, Iran 9.8%, Uzbekistan 5.7% and China 5.6%.