Malaysian palm oil futures rose sharply on 04.01.2020. The growth is related to preliminary estimates for the palm oil stocks in the country to the lowest level for the last 13 years - 1.22 million tons.
According to government data from China, under the program to ensure the food security of the country, the total area planted with corn will be increased in 2021.
On Dec 29, 2020, the employers and the union of the employees in the oil factories in Argentina signed an agreement for the restoration of the work on sites, increase in salaries and others.
According to SovEkon, wheat exports from Russia will reach 36.3 million tons in 2020/21, which is 4.5 million tons less than the previous estimate of 40.8 million tons.
According to the forecast of the Buenos Aires Grain Exchange, the corn production in Argentina will reach 47 million tons in 2021, which is 4.5 million tons lower than in 2020.
Wheat harvest in Argentina is now 66% completed.
9.32 million tons of wheat have been harvested with an average yield of 2.31 t/ha. With this average yield, production is expected to reach 14.1 million tons, which is a catastrophically low level.
