Country News
Algeria: Government agency OAIC bought 50 KMT of barley. (AgriCensus)
Argentina: The Buenos Aires Grain Exchange reports that corn harvesting is 5.7 percent complete. (AgriCensus)
Brazil: Farmers have sown 94 percent of the second crop corn as the ideal climate window begins to close. AgRural reports that the area in production is up 20 percent over a year earlier. (Reuters)
Egypt: The government banned corn exports for three months. (Reuters)
EU: Pesticide residues limits were relaxed to enable corn imports from Argentina to replace Ukrainian supplies. Meanwhile, French spring barley planting is at 76 percent with good quality and exporters have been supplying old crop barley to Morocco via the port in Rouen. COCERAL has increased its forecast for corn production by 900 KMT to 67.3 MMT this season, a 100 KMT increase over 2021. (Reuters; AgriCensus)
South Korea: KFA tendered for 65 KMT of corn and MFG bought 201 KMT of corn for June delivery. (Reuters)
Tunisia: State agency ODC purchased 100 KMT of barley at $490.53/MT CFR. (AgriCensus)
Turkey: Exports of all grains mostly sourced from third countries have been banned to control inflation that could get worse due to the war in the Black Sea region. (FAS/GAIN)
Ukraine: Corn planted area could diminish more than other crops as farmers lack access to seed, and fuel, fertilizer and manpower are all in question. There are 13 MMT of corn stranded in storage and possibly damaged form the war. (Reuters; Globe & Mail)