Country News
Argentina: The outlook for this season’s corn crop depends on when La Nina ends, though the damage has already been done. (Reuters)
Brazil: Conab expects the 2022/23 corn crop to reach 125.8 MMT, while market services company StoneX just lowered its forecast to 128.71 MMT from the previous 130.3 MMT. With December corn exports expected to hit a record 6.4 MMT, exporter association Anec says total exports will be a record 43.1 MMT. (AgriCensus; Refinitiv)
Mexico: Corn production in 2022 was 27.3 MMT but the Ministry of Agriculture believes its free fertilizer for farmers in Sinaloa will increase that number by 2 MMT. However, agricultural consulting group Grupo Consultor de Mercados Agrcola says production will only be 26.9 MMT. (Latin Times)
Philippines: Lower rice production and reduced tariffs may cause corn imports to increase by 43 percent to 1 MMT. (USDA/FAS; PhilStar Global)
Tunisia: Government agency ODC has issued a tender to purchase 75 KMT of barley for February-March shipment. (AgriCensus)
Turkey: The country’s highest court, which had overturned the government’s ban on GM product imports in 2015, last month reimposed the prohibition on importing GM maize MON810. (Safety4Sea).
Ukraine: A historic lag in fall harvesting has left 22 percent of the country’s corn crop in the fields for winter, which could affect quality. (AgriCensus)