In the current season, Saudi Arabia will increse wheat import by 19% versus the previous season to 3.5 mln tons. Import growth will continue into the new season according to FAS USDA's latest forecast.
Over the month of March, corn export from Brazil dropped to 243,000 tons, which was 50% less than February 2017 and 88% less than March 2016, according to information from the country's Ministry of Agriculture.
Private broker company INTL FCStone increased its forecast on this season's soybean yield in Brazil from 109.07 mln tons to record high 111.6 mln tons. Corn yield forecast remains unchanged at 93.3 mln tons - another record.
Over the first six months of the current season, which started in September, 27.9 mln tons of corn were exported from the USA, which is 75% more than the same period of last year.
According to a CIMB report, in March 2017 palm oil stocks in Malaysia keep declining – this time by 2% versus the previous month to 1.43 mln tons. The decline was the result of the active oil export.
Spring crops sowing in Bulgaria is running much faster than last year according to information from the country's Ministry of Agriculture. As of 30.03.2017, 23,500 hectares have been sowed with spring barley (+61% versus last year), 0.1433 mln hectares of corn (+1522%) and 0.1103 mln hectares of sunflower (+242%).
