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Morning round-up, Thursday July 25

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* Malaysian palm oil exports for the first 25 days of June reached 1,123,850 tonnes according to AmSpec Malaysia.

 

This is 4.3% lower than the 1,173,814 tonnes the country exported during June 1-25.

 

According to Intertek Testing Services palm oil exports in the country rose 0.7% for July 1-25 to reach 1,157,155 tonnes.

 

This is compared to the 1,148,673 tonnes shipped for June 1-25.

 

 


* Brazil is set to import more wheat this year due to frost damage to crops in the country’s top wheat-growing region, Paraná.

 

According to government agency Deral’s latest forecast, Brazil will see wheat production drop to 2.72m tonnes in 2019.

 

This new estimate is almost 16% lower than the one released in by the agency in June.

 

 


* Bulgaria’s food safety agency reported another case of African swine fever on Wednesday.

 

According to the agency, the latest case was found on an industrial pig breeding farm with over 40,000 animals near the city of Ruse in the country’s northeast.

 

All pigs on the farm are to be culled.

 

This is the 19th case of the deadly swine disease reported in the country since it was first found at the beginning of July.

 

 

 

* India has reportedly approved a proposal to build a buffer sugar stock of around 4m tonnes.

 

According to a Reuters report, citing CNBC Awaaz television channel, the government plans to start the project in the new season beginning October 1.

 

Indian law makers have also decided to keep the minimum cane buying price unchanged for the new season.

 

 


* Brazilian meat producer, Marfrig is reportedly in talks to acquire Paraguayan beef packer, Frigorífico Concepción SA.

 

According to local newspaper, Valor Econômico, the deal is worth $230m.

 

The news comes a few weeks after Marfrig and fellow Brazilian meat processor, BRF SA called off merger talks.

 

 

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