Russia will enter the new economic year, which starts on July 1st 2017 with exports of 2.3-2.5 million tonnes of grain, according to Russagrotrans's estimate. In July 2016, the export was 2.55 million tonnes.
Weekly export sales of US wheat, 2017 crop exceeded the most optimistic market expectations(300,000 – 500,000 tonnes). Weekly sales reached 542,900 tonnes, while export amounted to 717,800 tonnes.
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.
