Weekly Summary

03 May
China plans to annually import 1-2 mln tonnes of Russian wheat – COFCO

According to the forecast of China’s largest grain corporation COFCO, China will continue increasing the imports of Russian wheat at the level of nearly 1-2 mln tonnes per year.

At the same time, rail transportation of grains from Russia is more profitable for Chinese buyers, compared with maritime shipments, reported Freight News.

Source: APK Inform

 Iran. Gov’t Buys 550K Tons of Wheat in 20 Days

The government has purchased about 550,000 tons of wheat from local farmers in eight provinces across the country over the past 20 days, the head of the Government Trading Corporation of Iran said.

Source: UkrAgroConsult

04 May
Russia, Turkey agree to lift nearly all trade restrictions: Putin

Russia and Turkey have agreed to lift nearly all remaining trade restrictions imposed in the aftermath of Ankara’s downing of a Russian warplane in 2015, President Vladimir Putin said Wednesday.

But Putin said Wednesday that Russia’s embargo on the import of tomatoes from Turkey and its visa restrictions on Turkish nationals will remain in place for the time being.

Source: UkrAgroConsult

INTL FCStone: Brazil’s soybean crop projection revised to 111.8 MMT

Global consultancy INTL FCStone has revised its projection for the Brazilian soybean production to 111.8 million metric tons, which is 0.17 percent higher than the previous estimate. Adjustments on the yields coming from the states of Goiás and Mato Grosso do Sul.

Source: AgroSouthNews

 05 May
Ukraine. Corn planting is half-complete

Corn had been planted on 53% of its projected area by the above-mentioned date. Farmers seeded this crop on 2388 Th ha against 3078 Th ha at the same time last year (68% of the plan).

Source: UkrAgroConsult

European Parliament voted against increasing of import quotas for Ukrainian wheat

In September 2016 the European Commission proposed to increase the annual quotas for certain goods from Ukraine. In particular, the officials proposed to increase the quotas for corn by 650 thsd tonnes, wheat – up 100 thsd tonnes, barley – up 350 thsd tonnes.

Source: APK Inform

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