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Morning round-up, Friday January 31

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* Indonesia’s Ministry of Agriculture announced on Friday that the country’s white sugar production reached 2.23m tonnes in 2019.

 

According to the ministry’s director general of plantations, Kasdi Subagyono, this is up 3% from 2018’s 2.17m tonnes.

 

Indonesia had targeted to produce 2.45m tonnes of white sugar in 2019.

 

 


* Data from China’s General Administration of Customs on Friday showed that imports of US soybeans reached 3.09m tonnes in December.

 

This is 44 times more than the volume brought in in December 2018.

 

It is also more than the 2.56m tonnes in November.

 

 


* Brazil’s antitrust authority has opened an investigation into meat processors JBS and BRF after company executives said on Wednesday that a 30% increase in corn prices would results in a rise in chicken prices.

 

 


* Margarita Louis-Dreyfus, chairwoman of Louis Dreyfus Company, said that she is open to selling a large non-controlling stake in the company to an outside investor.

 

“It is the first time in our almost 170-year history that we are prepared to open our capital to an external shareholder,” she told Reuters in an interview.

 

 

 

* EU Trade Commissioner, Phil Hogan told Ireland’s RTE radio that, in his view, the US will wait until after the EU and Britain settle on a trade deal to pursue its own with the island nation.

 

He added that he did not see a UK/US deal happening this year.

 

 


* Ukraine’s APK-Inform said on Thursday that sunflower oil prices in the country were between $730 and $750 on a free-on-board Black Sea basis this week.

 

This down from last week’s $765 to $785 price range.

 

The analyst agency said that the drop in price was due to reduced demand from China and India.

 

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