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Morning round-up, Monday March 02

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* France’s Strategie Grains on Monday reduced its EU 2020 rapeseed harvest estimate to 17.85m tonnes from the 18.05m it had forecast earlier.

 

The new estimate is 5.7% higher than the 2019 harvest volume of 16.89m tonnes.

 

The reduced estimate was based on a cut to the bloc’s rapeseed area from 5.55m hectares to 5.49m.

 

 


* Ukraine’s APK-Inform said seaport shipments of sunflower oil reached 2.483m tonnes for the 2019-20 season so far, up 63% from the 1.521m tonnes recorded for the same period during the 2018-19 season.

 

Exports for the week February 22-28 dropped to 46,000 tonnes from 200,000 tonnes a week before.

 

 

 

* APK-Inform also reported that Ukraine grain exports from sea ports for the week February 22-28 were at 963,000 tonnes, down from the previous week’s 1.22m tonnes.

 

Wheat exports for the week were at 52,000 tonnes and corn at 856,000 tonnes.

 

Grain exports have reached 39.8m tonnes so far for the season, up from 28.6m tonnes for the same period in 2018-19.

 

 


* Brazil’s Arc Mercosul on Friday reported that the country’s soybean harvest had reached 43.1%, far below the 56% level recorded for the same period the year before.

 

 


* President of the Argentine Soybean Chain Association, Luis Zubizarreta said on Friday that soybean farmers are against the government’s rumoured plan to raise the export tax on the oilseed to 33% from the current 30% to increase state revenue.


He said that increasing output would be a better way to go about it, but added that government officials have not confirmed the tax increase and that they were considering various options.

 

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