Country News
Brazil: Chicken production has fallen by 10 percent in the past three months and looks to decline further due to the high cost of corn. (Bloomberg)
China: The government plans to increase the June 3, 2016 corn auction volume by 1 MMT to a total of 3.42 MMT. (Reuters)
Malawi: The government is seeking to buy 1 MMT of maize from Europe at a cost of around $350 million but it is unlikely to find the white maize preferred by consumers. (WPI)
Venezuela: Empresas Polar SA, the country’s largest food processor, announced it was suspending beer production due to the unavailability of foreign exchange on which to import barley. (Bloomberg)