On June 7th, 2017 Algeria purchased 450 000 – 480 000 tonnes of wheat at price of 197.25 – 199.5 USD/mt, C&F. Most likely the wheat originates from France.
The significant decline of oil crops' prices lowers the producers' margin, which will significantly influence the balance of the cultivated areas in the new season, according to forecast of Oil World.
During the period January - April 2017 11.6 mln tonnes of grain were exported from Argentina - by 17% less than the same period of last year according toSenasa.
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.
