Country News
Algeria: The government’s OAIC tendered for 50 KMT of barley with delivery in October. (AgriCensus)
Argentina: Alberto Morelli of the Maizar group says that MO improvements have boosted the country’s corn production and provided new flexibilities to its producers. Different rates of export duties on corn versus other crops has also helped. The Rosario Grain Exchange forecasts the upcoming corn production to increase by 1 MMT to a total of 56 MMT. (Reuters)
Brazil: AgRural says harvesting of the safrinha corn crop is 95 percent complete and calculates the total corn crop in 2020/21 at 81.9 MMT, a 20 MMT reduction from a year ago. About 10 percent of the first corn crop for 2021/22 has been planted, mostly in the Center-South region. That is behind the 14 percent planted at the same time last year due to some areas remaining too dry. CONAB says the 2020/21 corn crop is 85.749 MMT, about 900 KMT less than its August estimate. The agency says corn exports will be 22 MMT, a reduction of 500 KMT from August, and corn imports are unchanged at 2.3 MMT. The southern states are importing corn. IMEA says Mato Grosso corn production for 2021/22 will hit 39.57 MMT. Mato Grosso will cut the tax on corn-based ethanol. (Reuters; AgriCensus; S&P Global Platts)
Japan: A tender was issued for the purchase of 100 KMT of barley. (AgriCensus)
Jordan: A tender for 120 KMT of feed barley was not filled due to prices being higher than could be found in corn but MIT purchased 60 KMT of barley at the same price it paid in its last tender. (Reuters)
South Korea: NOFI and MFG passed on purchasing in a tender for corn. (AgriCensus)
Turkey: The government agency TMO purchased 245 KMT of barley for delivery in Sep/Oct. (AgriCensus)