Country News
China: USDA has indicated that Chinese imports of U.S. DDGS totaled 601,834 MT in April, which is the second-largest monthly shipment ever reported, according to Reuters. The largest prior shipment was in November 2013, when China imported 609,938 MT. Total U.S. DDGS exports for April totaled 928,120 MT, which was the highest amount shipped since the 1.086 MMT shipped in August 2014.
Japan: The world’s largest corn buyer will be cutting imports of feed corn in favor of domestic rice, reports Bloomberg News. Corn purchasing could drop by 3 percent from the 15 MMT Japan purchased in 2014, which would be a 27-year low.
Ukraine: One of Ukraine’s largest agriculture companies, Mriya Agro Holding Plc, is close to securing assistance from creditors that would allow it to avoid liquidation, reports Bloomberg News. The company defaulted on $1.2 billion in debt last year, but has secured a six-month, $25 million deal that will allow the company to complete the winter harvest as well as buy much needed fertilizer for spring corn planting.