In the current season Great Britain will turn to a net wheat importer from net wheat exporter - a scenario that happened only 4 times for the last 25 years.
The authorities in Indonesia will keep the palm oil export duty at 0%, The zero rate has been in force since May 2017, and it could rise in case of oil price of over 750 USD/mt.
During the period October 2016 – April 2017, 13.1 million tonnes of wheat were exported, which is 2/3 of the annual forecast, according to the Australian Bureau of Statistics.
Agri-food Cooperatives Spain published its first forecast for the grain crop in the country for the current year that will reach 15.2 million tonnes - the fifth lowest crop since 1990.
According to official data from Egypt, the country's strategic wheat reserves are at 4.4 million tonnes, which is sufficient to meet domestic demand over the next 5 months.
