Market Perspectives – April 24, 2015

Country News

 Brazil: Weather conditions for corn in southeastern Brazil are likely to be highly conducive to growing in the coming months, according to Reuters. This is good news for farmers, as the second corn crop still needs substantial moisture before the harvest begins in June.

India: Cargill has plans to open an 800 MT/day corn mill by September 2015 in order to export Indian corn to the Middle East and Africa, reports WPI. The facility is expected to process 300,000 MT of corn annually.

Kenya: The FAO has reported that up to 30 percent of Kenya’s post-harvest corn crop has been destroyed by pests, according to WPI. This huge loss serves as a stark reminder of Kenya’s struggles with inadequate storage facilities, infrastructure and transport for grains.