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Grain Highlights 11.02.2021

Due to the excellent rainfall in India, the wheat production is expected to reach record levels. In 2020, the wheat production was 107.6 million tons and this is the current record.

Grain Highlights 10.02.2021

According to MPOB data, palm oil stocks in Malaysia increased by 4.68% to 1.32 million tons in January, palm oil exports reached 947,400 tons (-42.3%) and palm oil production was 1.13 million tons (-15.5%).

Grain Highlights 09.02.2021

According to traders, vegoils consumption in India may decrease by 5% to 21 million tons in the current season.

Grain Highlights 08.02.2021

According to Statistics Canada, canola stocks in Canada were 12.14 million tons as of 31.12.2020, which is 24% less than the previous year and the lowest level for the last 8 years.

Grain Highlights 05.02.2021

Starting from 01.04.2021, Russia introduces an export tax on wheat at the amount of 70% of the difference between a base price of wheat per ton and 200 USD/ton.

Grain Highlights 04.02.2021

The USDA attaché in Brazil has lowered the forecast for the country's corn production in 2020/21 by 2 million tons to a total of 105 million tons.

Grain Highlights 03.02.2021

Chinese importers started large-scale purchases of barley from France and Canada given the import tax on Australian barley.

Grain Highlights 02.02.2021

According to the forecast of S&P Global Platts, the wheat production in the EU+UK will reach 147 million tons in 2021/22, which is 8% more than the previous season.