Country News
Argentina: The agriculture ministry reported that 2020/21 corn sales had reached 40.4 MMT, a 3.6 MMT increase from a year earlier. The government is seeking to continue commodity export taxes through 2014. The Buenos Aires Grain Exchange says farmers will plant 7.1 million hectares of corn in 2021/22. (Reuters; AgriCensus)
Brazil: The government cut the import duty on corn for 90 days starting 20 September. IMEA says farmer input purchases are lower as corn production costs rise. (AgriCensus)
China: The General Administration of Customs reports that August imports included 3.23 MMT of corn, the second highest level on record and up 221 percent year-on-year, and there have been 21.2 MMT of corn imports year to date, up 283 percent year on year. (Reuters)
Philippines: Importers are in the market to purchase barley. (AgriCensus)
Russia: The government reduced the export tax on corn and barley. (AgriCensus)
South Korea: FLC bought corn privately at $329/MT CFR; NOFI bought 201 KMT of corn for December arrival; and MFG bought corn. (AgriCensus)
Turkey: The government agency TMO purchased 260 KMT of feed barley for delivery in October. (AgriCensus)
Ukraine: This past week’s corn exports slowed as barley sales increased. Thus far, barley exports are 3.2 MMT and corn exports are 1.5 MMT. The total 2021/22 export forecast includes 23.1 MMT of corn and 4.2 MMT of barley. (Reuters; AgriCensus)