Country News
Brazil: The drought will reduce corn production in Rio Grande do Sul to 4.51 MMT. Over the past 30 days, Cofco has exported 1.154 MMT of corn on 17 vessels to China. Customs reports corn exports thus far in December are 3.3 MMT but exporters association Anec says corn export projections for December declined. The overall corn export campaign should reach 44 MMT. (Reuters; Bloomberg)
China: Corn imports in November dropped 5.8 percent year-on-year to 740 KMT. (AgriCensus)
India: Traders are divided as the government considers banning corn exports. (AgriCensus)
Kenya: Officials say that 900 KMT of corn will be imported duty free. (AgriCensus)
Russia: For the December 21-27 period, the export tax on barley was raised but harvesting delays for corn led to the export tax on corn being cut to zero. (AgriCensus)
Thailand: Buyers are looking to book barley for June 2023 delivery. (AgriCensus)
Ukraine: The agriculture minister said that corn production was 41.9 MMT in 2021 but will fall to 22-23 MMT in 2022. The area under production for barley and corn may be reduced in favor of sunflowers. Meanwhile, a third of the current corn crop is stranded in the fields. (Refinitiv; Bloomberg)