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Morning round-up, Friday January 12

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According to a data released on Friday by the General Administration of Customs, China soy imports in December came in at 9.55m tonnes, up 10% from the previous month, and 6% year on year.

 

 

China’s total soybean imports for last year came in at 95.54m tonnes, a rise of 13.9% from 2016.

 

 

Based on a recent on-the-ground assessment conducted, the US Grains Council is seeing growth potential for feed production and grain imports in Myanmar.

 

Myanmar is currently a net corn exporting country, sending grain primarily to to China. However, growth in the feed sector still presents import opportunities. American farmers and agribusinesses are already seeing Myanmar’s economic growth translate into imports of US distiller’s dried grains with solubles (DDGs).

 

Myanmar imported 35,700 tonnes of US DDGS in 2016-17, a 154% increase year-over-year. In the first three months of 2017-18 (ie from September to November), Myanmar has purchased 10,600 tonnes of US DDGs, a 22% increase from the same time the year prior.

 

“Myanmar is advantageously positioned to experience double digit growth in its livestock sector over the next five years,” said Caleb Wurth, USGC assistant director of South East Asia.

 

“The effect of Myanmar re-entering the international community after years of political and economic isolation will be a driving force in the increased economic growth of the country.”

 

 

In a recent grain and feed quarterly update by USDA estimates that Vietnamese total feed demand amounted to 29.1m tonnes, a decrease of around 15% compared to 2016.

 

FAS Vietnam estimates the use of feed wheat in the current year of 2018 at 1.8m tonnes, down from 2.6m tonnes in current year 2017 due to the economically uncompetitive price of wheat compared to corn by the second half of current year 2017.

 

 

In Japan, the discovery of bird flu in Kagawa has led to the cull of 91,000 chickens. Late Thursday the Kagawa Prefectural Government confirmed the presence of highly pathogenic H5 strain of avian influenza.

 

 

In New Zealand, the Ministry for Primary Industries (MPI) and its dairy industry partners have decided to extend the current Mycoplasma bovis milk testing underway in Canterbury, Otago and Southland into a national milk surveillance programme.

 

While there is no indication that the disease is present beyond the areas currently identified, checking for other possible regional clusters is essential to building a complete picture of the disease in New Zealand.

 

 

According to Reuters, Monsanto is looking to sell sell dicamba-resistant GM soy seed in Brazil. In a statement released by the Brazilian unit of the seed and agrochemicals maker which was obtained by Reuters, Monsanto will be running field tests with genetically modified soy seed Intacta2 Xtend in Brazil in the 2019-20 crop.

 

It has been reported that the company is looking to launch the variety commercially the year after.

 

 

Yara has completed its its acquisition of Tata Chemicals’ urea business in India. Svein Tore Holsether, chief executive of Yara said in a press release that this finalisation would be a major step forward for Yara as they broaden their footprint in the world’s second-largest fertilizer market.

 

The acquired plant has an annual production of 0.7m tonnes of ammonia and 1.2m tonnes of urea, and generated revenues and profit before tax of respectively $296m and $29m in the year to the end of March 2017.

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