Tridge summary
The article provides an overview of the agricultural market situations in Brazil, China, the EU, Japan, Romania, South Korea, South Africa, and Ukraine. In Brazil, the second maize crop is expected to yield below 70 million tons due to drought. The Chinese government is considering GMO cultivation due to food security concerns and has tightened corn import controls. The EU's official estimate for barley yields has slightly increased, while corn harvest remains stable. Japan's corn use in animal feed has decreased slightly. In Romania, corn and barley production forecasts have increased for the 2021/22 marketing year. Some analysts predict a decrease in corn exports from Russia and South Korea due to upcoming floating export duties. In Ukraine, farmers have successfully sown a significant portion of their planned spring crops, including over 92% of their corn. The article also mentions export price updates for dry post-alcoholic barley meal (DDGS) from the USA.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
31.05.2021 Brazil: According to some private estimates, the second crop of maize (safrinya) fell below 70 million tons due to drought. (AgriCensus) Brazil: According to some private estimates, the second maize (saffron) crop has fallen below 70 million tonnes due to drought. (AgriCensus) Brazil China: Concerns about food security are prompting the government to look more openly at GMO cultivation. Imports of corn were canceled by less than 1 million tons, but the government has tightened controls on imports of corn, and some traders believe it is a negotiation ploy. Particular attention is paid to feed companies established in China's free trade zones. These zones are exempt from tariffs of up to 65 per cent applicable to imports of maize in excess of the import quota. One feed manufacturer was stopped for mixing too little protein. The government plans to introduce stricter control over corn prices. (Nikkei; Bloomberg) China: Concerns about food security are prompting the ...
Source: Agriagency
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