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Morning round-up, Thursday March 12

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* Export data from the UK showed that January wheat exports reached 50,281 tonnes, down from December’s 96,111 tonnes.

 

Spain was the number one importer for the month, taking 20,549 tonnes, followed by Nigeria with 13,313 tonnes.

 

British wheat exports so far for the 2019-20 season reached 891,694 tonnes, up from the 213,287 tonnes recorded for the same period in 2019.

 

 


* According to Reuters, French sugar maker, Tereos has reached out to suppliers to drop their prices by 7% to help it through the “unpredictable conditions” created by the drop in sugar prices.

 

In a letter sent to suppliers the company asked for responses by Friday, March 13.

 

 

 

* The Rosario Stock Exchange on Tuesday cut its forecast for Argentina’s 2019-20 soybean output to 51.5m tonnes from its previous estimate of 55m tonnes.

 

The stock exchange said the cut was due poor rainfall.

 

It maintained its corn estimate for the season at 50m tonnes.

 

 

 

* The National Pork Producers Council of the US warned that coronavirus disruptions that keep plant and farm workers at home could be devastating for the industry.

 

The trade group said in a letter to the Trump administration that “school closures preventing parents from going to work are already a concern in farm and plant communities” and called for the fast-tracking of visas for immigrant workers to boost the industry’s workforce.

 

 

 

* OAIC, Algeria’s state grains agency bought around 600,000 tonnes of milling wheat in a tender which closed on Wednesday.

 

Traders told Reuters that most of the grain is expected to come from France and that OAIC paid between $226 and $227 a tonne c&f.

 

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