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Morning round-up, Monday January 27


* Ukraine’s APK-Inform said the country has shipped 1.958m tonnes of sunflower oil from sea ports so far for the 2019-20 season, up 60% from 2018-19’s 1.226m tonnes for the same period.


Exports for the week January 18-24 were at 223,000 tonnes, up from 29,000 tonnes the week before.

The country exported a total of 6.063m tonnes of sunoil for the 2018-19 season.



* APK-Inform also reported that grain exports from sea ports reached 1.16m tonnes for the week December 18-24, virtually unchanged from the week before.


Wheat exports for the week were at 101,000 tonnes and corn at 1.06m tonnes.


Grain exports have reached 34.4m tonnes so far for the season, up from 2018-19’s 22.9m tonnes for the same period.



* Synlait Milk over the weekend raised its forecast for payments to farmers for the remainder of the 2019-20 season from NZ$7.00 to NZ$7.25 ($4.79) per kilogramme of milk solids.


Company chief executive, Leon Clement said that the company expects prices to remain high in the medium term.



* According to Reuters sources, India’s monthly palm oil imports from Malaysia could hit a nine-year low in January.


This comes as Indian importers look elsewhere for palm oil following an unofficial ban by the government earlier this month on Malaysian sources.


“No one is buying Malaysia’s crude palm oil or palmolein for February shipments”, one trade told Reuters. “There are no open tenders from state agencies yet”.



* Bayer on Friday said that its first Roundup trial featuring four plaintiffs will be postponed after it reached an agreement with their lawyers.


The company said that this was to allow room for the ongoing negotiations it is holding to settle thousands of Roundup cases.


Case mediator, Ken Feinberg, has put the number of claimants at more than 75,000.

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