According to The Ministry of Agriculture of China's forecasts, the import of corn in the country in 2020/21 will be reduced to a total of 7 million tons compared to the 22 million tons expected by FAS USDA.
In the period September-November 2020/21, 1.6 million tons of sunflower oil were exported from Ukraine, which is 16% more than the previous year and is an all-time high.
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.
