On August 24, the International Cooperation Department of the Ministry of Agriculture and Rural Affairs released the Overseas Agricultural Information Express (No. 152)
1. On August 5, news came from the Chicago futures market that global wheat growers will face price pressure. The September wheat contract closed sharply lower and experienced its lowest closing price since July 7. The September wheat contract closed below $5.11, which will be a bearish development direction.
2. Tonnies confirmed that its largest slaughterhouse in Radar-Wiedenbruck, North Rhine-Westphalia, has resumed its export of pork to China. China's pork import demand is still at a record level.
3. According to the Ukrainian National Statistics Agency, as of August 1, stocks of grains and edible beans were 17.45 million tons, a decrease of 20% or 4.37 million tons over the same period last year.
4. Approximately 60% of the sown wheat and barley in Argentina are severely affected by severe drought, especially in the province of Cordoba, where the wheat sown area has been reduced by 23%. The wheat harvest in December this year is expected to drop to 19 million tons, with a loss of nearly US$500 million.
5. Since the beginning of this year, the consumption of meat in Japan's catering industry has decreased, and at the same time, meat imports from China have increased, leading to continued growth in meat inventory. As of the end of June, the total meat inventory was 623,000 tons, the highest value since the 1994 statistics.
6. The Director of the General Directorate of Agriculture Industry of the Ministry of Industry of Indonesia said that this year Indonesia hopes to continue to explore the ASEAN, China and the Middle East markets, and further expand the export of Indonesian premium coffee, so that coffee exports will reach 800 million US dollars.
7. According to data from the Indian Rice Exporters Association, due to sufficient rain and the lack of labor during planting, India’s basmati rice (basmati rice) output this year will reach 8 million tons, an increase of 7% from the previous year.
8. On August 20, the head of the UAE Ministry of Climate Change and Environment stated that in the first half of 2020, the UAE imported or re-exported 461,200 heads of livestock from 24 countries and regions. The UAE hopes to further expand its livestock entry inspection and customs clearance capabilities in order to consolidate the UAE's status as a livestock re-export hub in a wider region.
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