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Morning round-up, Tuesday March 03


* The Australian Bureau of Agricultural and Resource Economics and Sciences on Tuesday revised its 2020-21 wheat production forecast to 21.3m tonnes on improved weather conditions.


This volume is up 40.4% from the 15.17m produced during the 2019-20 season.


Recent heavy rains are expected to lead to farmers increasing the sowing area from 10.1m hectares to 12m hectares.



* According to Refinitiv, French soft wheat exports outside the EU reached 1.46m tonnes in February.


Data showed that this country’s biggest February shipment in 10 years and it largest monthly volume so far for the 2019-20 season.



* Ukraine’s Ministry for Development of Economy, Trade and Agriculture said on Monday that grain exports were at 40.9m tonnes so far for the 2019-20 season.


This is up 24% year on year.


Wheat exports for the period were at 16.6m tonnes, barley at around 4m tonnes and corn at 19.8m tonnes.


Ukraine harvested 75.1m tonnes of grain in 2019 and 70m tonnes in 2018.



* Official data from the European Commission showed that the bloc’s soybean imports for the 2019-20 season, which started in July, had reached 9.24m tonnes by March 1.


This was down 5% compared to the imports recorded by February 24 in 2019.


Rapeseed imports for the period were at 4.25m tonnes, up 40% compared to a year ago.


Soymeal imports were at 11.76m tonnes and palm oil imports at 3.62m tonnes.



* The EU data also showed soft wheat exports at 19.11m tonnes by March 1.


This is up 60% compared to the volume shipped by February 24 in 2019.


Barley exports were at 4.80m tonnes, up 54%.


Maize imports stood at 14.39m tonnes, down 12%.




* Government data showed that India’s rice exports for January dropped 12% compared to the year before due to reduced demand from Africa and Asia.

Exports totaled 908,492 tonnes for the month, down from January 2019’s 1.03m tonnes.



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