On February 22, 2017, Egypt’s State Company GASC purchased 360,000 tons of milling wheat from Ukraine and Russia to be delivered between March 25 and April 4, 2017.
Canadian Ministry of Agriculture lowered its forecast on 2017 wheat production in the country by 0.5 mln tons versus 2016 down to 28.6 mln tons. Spring wheat production forecast was lowered by 3.12 mln tons.
Spain imported 7.13 mln tons of grain in the first half of the current season (July - June), which is 18% less than the same period of last year, Spanish Ministry of Agriculture reported.
On January 22, 2017, Taiwan Millers Association purchased 102,850 tons of milling wheat to be delivered between April 19 and May 3, 2017. The price was 187.15 – 275.51 USD/ton FOB.
Weather conditions in Brazil are particularly favourable for grains growth this season. Corn yield will be 21 mln tons higher than last season while soybean yield will be 10 mln tons higher.
The Indian government is about to reintroduce an import tax on wheat, so that the country’s farmers are protected. The tax was lowered from 10% to 0% on December 8, 2017.
