Grain Highlights 13.04.2022

13 Apr, 2022
Grain Highlights 13.04.2022
Egypt bought 350,000 tons of wheat. Algeria has bought only 80,000 - 100,000 tons of milling wheat at a price of about 460 USD/ton C&F.

- On 13.04.2022 Egypt bought 350,000 tons of wheat:

50,000 tons of wheat from Bulgaria at a FOB price of 449.50 USD/ton + freight of 30.50 USD/ton, a total of 480.00 USD/ton C&F with delivery within May 20 - 31 2022.

240,000 tons of wheat from France at a FOB price of 451.75 USD/ton + freight of 42.50 USD/ton, a total of 494.25 USD/ton C&F with delivery within May 20 - 31 2022.

60,000 tons of wheat from Russia at a price of 460.00 USD/ton C&F and delivery within June 1 - 15.

- In February, wheat imports in the UK reached 123,700 tons (112,500 in January), including 64,400 tons from Denmark and 40,200 tons from Germany. From the beginning of the season (June - February), total wheat imports reach 1.31 million tons (1.7), including 327,400 tons from Denmark. The reduction of imports is related to the large production of 14.02 million tons in 2021 (+45.2%).

- According to Conab, as of April 9, 2022, the harvesting campaign of soybeans in Brazil reaches 85% of the areas (+3% per week). The harvesting campaign of the first corn crop was carried out on 57% of the areas (+5%). The condition of second corn crops is good despite the lack of moisture in some areas.

- In March, China imported 6.35 million tons of soybeans (-18% compared to March 2021). Over the period of January - March, soybean imports were 20.28 million tons (-4.2%).

- In 2022, the production of unrefined palm oil in Indonesia will reach 48.24 million tons compared to 46.85 million tons in 2021 according to the forecast of the Ministry of Agriculture of the country.

- In 2022/23, India can export up to 12 million tons of wheat. Export contracts for 4 million tons have already been signed with delivery within April-August. The current record of 7.85 million tons for wheat exports was set in 2021/22 (2.1 million tons in 2020/21).

- According to Oil World, in March, exports of palm oil from Malaysia reached 1.26 million tons (1.1 in February and 1.19 in March 2021). The largest buyers were India with 224,000 tons (168,000), the EU with 165,000 tons (111,000) and China with 144,000 tons (88,000). Over the period of October - March, palm oil exports were 7.84 million tons (7.65), including 1.75 million tons for India (1.74), 0.9 million tons for China (0.91) and 823,000 tons for the EU (806,000).