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Morning round-up, Monday October 07


* A Reuters survey showed that Malaysia’s palm oil stocks for September were set to reach 2.52m tonnes, a 11.9% increase from August.


According to the news agency, the jump in stocks, the country’s first in seven months, was due to increased production in September (1.91m tonnes, up 4.6% from August) and lower exports (1.40m tonnes, down 19.4% from August).


Official supply and demand data from the Malaysian Palm Oil Board will be released in its monthly report on October 10.



* Bayer said on Sunday that the trial date for an upcoming lawsuit related to its glyphosate-based herbicide Roundup was postponed.


The trial was originally set for October 15, but has now been moved to February 10, 2020 as mediator Ken Feinberg tries to reach a settlement between the company and US plaintiffs.




* JBS’s US arm said on Friday that it will be removing ractopamine, a feed additive used to promote growth in pigs, from its hog supply in a bid to increase exports to China.


Ractopamine is banned in China.


JBS USA said that it removed the drug from its own production systems last year, but will now require farmers supplying livestock to the company to do the same.




* FranceAgriMer said on Friday that the country had harvested 6% of this year’s grain crop by September 30.


This, according to the government body, was far below the 42% harvested amount recorded last year for the same period.



* Dutch trade authorities said on Friday that around half of the country’s cheese exports would be affected by tariffs the US is threatening to implement on a range of products from the EU.


According to Reuters the Netherlands exports around E78m worth of cheese products to the United States per year.

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