Country News
Australia: Barley exports declined in June but traders have diversified away from the Chinese market. The Australian Bureau of Statistics reports that exports in June included 482,840 MT of feed barley, 52682 of malting barley, and 266,101 MT of sorghum. That was down slightly from May’s figures. (AgriCensus; Aljazeera; GrainCentral)
Brazil: The safrinha corn crop harvest is now 80 percent complete, and summer sowing has begun. The National Supply Company (CONAB) lowered its estimate for the 2021/2022 safrinha corn crop by 1.17 percent to 87.407 MMT. The total 2021/22 corn crop was lowered by .84 percent to 114.691 MMT. Corn exports are estimated at 37.5 MMT and imports slightly higher at 1.9 MMT. Exports have been moving at a fast pace and Anec raised its estimate for corn exports in August. (AgriCensus)
EU: MENA region buyers have been buying French barley due to regular supplies being unavailable. Italy’s purchase of 4 MMT of U.S. corn reflects the adverse impacts of drought in Europe. Analysts expect Europe corn imports will be around 16 MMT. (AgriCensus; Refinitiv)
Kenya: Vimal Shah of Bidco Africa Ltd. says food inflation will slow by December as new supplies of corn become available from the August harvest in the central part of the country. Corn is used to make the staple porridge called ugali. (Bloomberg)
Philippines: San Miguel is in the market for barley imports during October-January. (AgriCensus)
Ukraine: Exports rose 22.7 percent in July and a second ship has made the trek into the port of Chornomorsk to load 30 KMT of corn. The corn is estimated to be valued at $306/MT FOB Black Sea. There were quality concerns with some initial deliveries but the UN expects a “big uptick” in ships wanting to export Ukrainian grain. (S&P Global Platts; Refinitiv; Reuters)