Country News
Argentina: A corn production revival in this country is threatened by La Nina. This includes a $1.2 billion investment in port facilities in the port of Rosario by multinationals. (Reuters)
China: Adhering to old practices, China Grain Reserves Corp. will purchase nearly a half million tons of corn in Heilongjiang Province at 1,400 yuan/ton ($206), to prop up prices. The total production will slide 4.8 percent his year. (Bloomberg; Shanghai JCI)
India: The barley malt business has been robust due to the craft beer craze in the west but that has started to temper. Now the view is on India where beer consumption in rising. A European merchandiser is investing in local malting to take advantage of the trend. (Bloomberg)