Country News
Algeria: Government agency ONAB tendered for corn. (AgriCensus)
Argentina: The Buenos Aires Grain Exchange reports that the corn harvest is nearing 30 percent completion. (AgriCensus)
Australia: Due to the adverse impacts of El Niño, barley production in 2023/24 will fall by 30 percent. (Refinitiv)
Brazil: The agronomic conditions for second crop corn in Paraná state have declined. The cash price for corn has fallen by 30 percent but sales have been slower than the historical average. The crop will escape the latest threat of frost. (AgriCensus)
EU: French corn planning is nearing completion at the same time the conditions for the crop have declined. (AgriCensus)
Morocco: Government agency ONICL tendered for 500 KMT of barley for inland delivery. (AgriCensus)
Philippines: San Miguel tendered for and purchased potentially 50 KMT of corn from South America with the price somewhere between $250 – $280/MT C&F. (AgriCensus)
Russia: The export tax on corn was lowered and the export tax on barley was set at zero. (AgriCensus)
South Korea: The Major Feed Group purchased 132 KMT of corn from South America in a private tender and NOFI bought 66 KMT of corn from South America or South Africa. (Reuters)
Turkey: The Turkish grain board (TMO) increased the barley intervention price by 23 percent. (AgriCensus)
Ukraine: If the Black Sea grain corridor agreement is not renewed, the country’s agriculture minister says there is a Plan B. The destruction of the Kakhovka dam will have ongoing adverse impacts. The Kherson oblast only supplies 6 percent of the barley and 1 percent of the corn, but exports can no longer move via the Dnipro River. (Refinitiv)