Country News
Algeria: Government agency ONAB is tendering for corn based on a first-half November shipment schedule. (AgriCensus)
Brazil: Conab reports that first-crop summer corn sowing is at 30.4 percent complete. (AgriCensus)
China: Customs reports that barley imports in September surged 171 percent on month-on-month basis. A national committee established by the agriculture ministry has approved 37 new GM corn varieties. (AgriCensus; Bloomberg)
EU: FranceAgriMer reports that the corn harvest is 50 percent complete with crop conditions stable. The grower group AGMP with technical institute Arvalis estimate this year’s maize crop at 13.1 MMT, a 23 percent increase over last year’s drought burdened crop. Warm weather is aiding winter planting progress with a similar area planted to barley for this coming year. However, drier conditions in some parts of Europe are a threat, as are new biodiversity requirements for EU subsidies. The UK expects a smaller barley crop. (Refinitiv; AgriCensus)
Indonesia: State procurement agency Bulog will purchase 500 KMT of corn with about half coming from South America. (Refinitiv)
Russia: Moscow raised the export tax on corn but lowered it on barley. (AgriCensus)
South Korea: Feed integrator NOFI is in the market for January-March delivery of corn and purchased 65 KMT from the Black Sea with delivery in January. (AgriCensus)
Taiwan: MFIG purchased 65 KMT of corn from Brazil for shipment in December-January. (AgriCensus)
Ukraine: Corn exports in October will only be a quarter as large year-on-year. Total MY 2023/24 corn exports will slump 51 percent on year to 19.5 MMT. Dry conditions could impact the planting of this winter’s barley crop. (Refinitiv; S&PGlobal)