Country News
Algeria: The state grains agency, OAIC, purchased around 50 KMT of feed barley under an optional origin contract. Prices were $182-183/MT with first half March delivery. (Reuters)
Argentina: The amount of ethanol blended into gasoline could double over the next two to three years. The government is seeking to reduce dependence on imported energy by producing more ethanol. (Reuters)
China: Beijing is negotiating the export sale of 15 to 23 KMT of corn to Japan. Slow delivery of U.S. corn out of the PNW is creating the opportunity for China to unload surplus corn.
Kenya: Ukraine is supplying 450 KMT of yellow corn to Kenya for feed use to free up locally produced white corn for human food use. (Bloomberg)
Zimbabwe: Maize production is expected to triple from last year’s drought stricken 512 KMT to 1.8 MMT this year. (Philippines News Agency)