Grain production in India rises by 2%, while import remains at low level. Grain yields in the country will reach 307.25 mln tonnes, by 2% more than the previous year.
According to forecast of Abiove /Brazilian Association of Vegetable Oil Industries/, in 2017 – 2018 soybean processing in the country will be at record highs – 41 mln tonnes, which will lead to all time record high quantities of soybean oil and soybean meal.
Corn harvest in Argentina is slowing down due to rainfalls. As a result the export window will be moved to the end of August, which will increase siginificantly the competition with Brazil and USA.
