According to FAO's latest forecast, in 2017 – 2018 global grain demand will slightly lag behind supply, which will support stocks close to the record levels.
Brazil increased bioethanol import over 6 times in May, compared to the same month in 2016, up to 248 mln liters. Compared to April export rises by 122%.
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.
