Brazil Could Open Door to Corn from the U.S. and/or Ukraine
The Brazilian government announced earlier this week the suspension of import tariffs for grain imported from outside the Mercosul Trading block. The suspension will be in place until December 31, 2021 and will include corn, soybeans, soybean meal, and soybean oil. In theory, this could open the door for corn imports from the United States and/or Ukraine.
Latin America road fuel oversupply growing in April
Latin America imports of gasoline & diesel are on track to hit a 13-month high of 1.93 mn b/d in April. We see the steady increase in Latin American clean refined product imports as more of a push from suppliers than a demand-driven pull, with growing volumes of gasoline and diesel already heading towards Caribbean storage.
Corn-Based Ethanol Accounts for 9% of Brazil’s Ethanol Production
The production of ethanol from corn continues to increase in Brazil. According to the Union of Sugarcane Industries (Unica), the production of ethanol from corn during the 2020/21 crop cycle, which went from April 2020 to March 2021, increased 58% compared to a year earlier to 2.57 billion liters. Corn-based ethanol now accounts for 9% of Brazil’s total ethanol production.
EuroTier 2021: Impacts of 2020 pandemics on international poultry market
A number of pandemics disrupted the poultry industry around the world during 2020 but hopes are that it will spring back into place again this year.
U.S. white wheat growers cash in as China snaps up supplies
The purchases are the latest disruption in commodities markets caused by Chinese buying of grains and oilseeds during the coronavirus pandemic, pushing prices of major commodity crops to multi-year highs.
Brazil sets records for 2020/21 sugar production and sugar exports
With a month to go in the 2020/21 sugar production year (April 2020 to March 2021), Conab is estimating that Brazil will set records for sugar production and sugar exports. Brazil’s sugar production in 2020/21 is estimated at 41.8 million tons, which would be an increase of 40% compared to last year. Sugar exports in 2020/21 are also expected to be record high.
As more buyers queue up for Indian rice, 2020-21 exports set to top 16 million tonnes
As more buyers from South America, Eastern Africa and South East Asia start queuing up for the Indian rice, the exports of the cereal — both basmati and non-basmati — are seen scaling new highs this fiscal.
Brazil’s poultry exports to Saudi Arabia for January 2021 remain stable
While Brazilian imports of poultry to Saudi Arabia have remained stable, demand for coffee from the South American country has seen a large slump in the Kingdom, according to official figures.
GRAINS-U.S. soybeans, corn, wheat rally; below recent peaks
U.S. soybean futures rose 1.7% on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said.
Brazil eager to export corn to China
Brazil is looking to boost its corn trade with China but exports are not feasible right now due to inter-harvest shortages, Reuters reported, citing Abramilho, a corn producers association.
