Country News
Argentina: The agriculture ministry says farmers will plant corn on 8.92 million hectares (22 million acres), a 5.2 percent increase over last year. (Reuters)
China: At 2.28 MMT, corn imports are down 23 percent versus last year but the 250 KMT brought in during September was a 13-fold increase versus the same month a year ago. Meanwhile, the National Development and Reform Commission announced that future minimum process will be linked to the cost of production, market demand, foreign prices and the overall development of the industry. (Reuters)
Iran: The Islamic Republic of Iran Customs Authority announced that 650.5 KMT of barley was imported during the first five months of this year. The imports were valued at 117.21 million. (Global Data Point)
Russia: Prime Minister Dmitry Medvedev announced that in 2017, Russia will produce the largest grain crop in 100 years. At 132 MMT, the surplus will enable an all grain export figure of 45 MMT. (Intellinews – Russia Today)