Grain Highlights 18.08.2022

The Ministry of Agriculture of India raised its forecast for the wheat production in the country from 106.41 million tons to 106.84 million tons (109.59 last season).

- The Association of German Cooperatives predicts that in 2022/23 the grain production in the country will reach 42.9 million tons (-0.2 compared to the previous estimate and +0.7 compared to 2021/22). The wheat production will be 22.6 million tons (21.4 last season), barley production is estimated at 10.9 million tons (10.4), corn production is projected at 3.6 million tons (4.4) and triticale production is expected at 2 million tons (1.9). Rapeseed production is expected to reach 4 million tons (+0.2 and +0.5).

- The government of Moldova will purchase 41,700 tons of milling wheat to replenish the state reserve. The wheat production will be 750,000 – 800,000 tons compared to 1.5 million tons a year earlier.

- According to data from Oil World, over the period of January - July, the export of biodiesel from Argentina reached 882,000 tons (578,000 a year earlier). In July alone, deliveries were 10,000 – 20,000 tons (211,000 in July 2021).

- According to data from China's statistics, 1.5 million tons of corn (-46% compared to July 2021), 780,000 tons of wheat (-12%), 40,000 tons of barley (-95%), 1.3 million tons of sorghum were imported into the country in July (+20%). Since the beginning of the year, the import of corn was 15.1 million tons (-17%), wheat imports were 5.7 million tons (-8%), barley imports reached 3.8 million tons (-41%) and sorghum imports were 7.3 million tons (-25%) .

- According to SEA data, exports of soymeal from India were 227,247 tons in July 2022 (191,663 in July 2021). Over the period of April - July, exports reached 1.249 million tons (0.928). Exports of rapeseed meal for the four months totaled 851,212 tons (479,572).

- The Ministry of Agriculture of India raised its forecast for the wheat production in the country from 106.41 million tons to 106.84 million tons (109.59 last season). Non-governmental analysts predict a production of 95-99 million tons. The state fund purchased only 18.8 million tons of wheat (-57% compared to last year).

- Egypt expects delivery of 65,000 tons of Ukrainian wheat, which was purchased in December 2021 and was supposed to be delivered in February.

- Jordan has canceled a tender for the purchase of 120,000 tons of feed barley of any origin. The next tender is announced on 24.08.2022.

- According to Oil World data, the export of soybmeal from the world's main exporters reached 5.63 million tons in July (6.24 a month earlier and 5.83 in July 2021). Exports from Argentina reached 2.54 million tons (2.79 and 2.64), 1.98 million tons from Brazil (2.2 and 1.94), 0.9 million tons from United States (1.04 and 0.98) and 0.2 million tons from India (0.4 and 0.3). Imports into the EU reached 1.48 million tons (1.6 and 1.9) and imports into in Asian countries totaled 2.95 million tons (3 and 2.63).