According to Shanghai JC Intelligence Co Ltd, in 2017/18, corn import to China will reach 5 – 5.5 million tonnes. The Ministry of Agriculture expects corn crop in amount of 210.1 million tonnes.
In the last month China purchased 10 – 12 lots of corn from the US with total volume of approximately 700,000 tonnes at latest price 232 USD/tonne C&F.
According to November forecast of IGC, in 2017/18, the global corn crop will increase by 5 million to 1,039 million tonnes, compared to the previous forecast. Corn crop in the US increases to 370.3 million tonnes (362.7), and that in the EU to 59.3 million tonnes (59.2).
In November, grain export from Russia will reach 4.7 million tonnes according to RusAgroTrans. The previous estimate was for export of 4.5 million tonnes. Wheat export will rеach 3.7 million tonnes at 2.67 million tonnes in 2016.
According to traders estimate, in December, Import of vegetable oils to India will reach 600,000 tonnes at 750,000 tonnes in October. Domestic consumption will be directed to oils produced in the country.
According to UkrAgroConsult in 2017/2018 sunflower crop in Bulgaria will be 1.9 million tonnes at 1.8 million tonnes a year earlier. During the season the domestic consumption of sunflower will increase and import will decline – trends that have started in 2013/2014.
According to forecast of Informa Economics,in 2018, corn areas in the US wil be 91.415 million acres given 90.46 million acres in the previous forecast. In 2017 corn areas were 90.4 million acres.
