Indonesia increases the export duty on palm oil from 55 USD / ton to 180 USD / ton on 10.12.2020. From 30.11.2020, the export duty of the crude palm oil has been increased from 3 USD / ton but to 33 USD / ton.
In November, 3.1 million tons of corn were exported from Ukraine, which is 4% more than corn exports in November 2019 and 1.7 times more than exports from the previous month.
ABARES has raised its expectations of the wheat production in Australia in 2020/21 to 31.17 million tons from 28.91 million tons in their previous forecast.
According IGC’s report in November, the world corn production will reach 1.146 million tons (1.156 million tons in the report for October and 1.124 million tons in 2019/20) in 2020/21.
For the last few weeks, the news about the new wheat harvests in Australia and Argentina has shown a strong impact on the market and prices are falling.
SovEcon raises its estimate for wheat exports from Russia in 2020/21 by 1 million tons to the total of 40.8 million tons compared to the previous estimate.
