960402

Grain,oilseeds

exports report

CHICAGO: Grain and oilseed exports reported by USDA and private export sources.

BARLEY SALE: Poland made limited but steady purchases of German barley over the past two weeks and further imports may be in store, European grain traders said on Monday. Poland bought between 40,000 and 50,000 tonnes of German barley over the past 15 days, they said. Purchases last week were for April/May shipment at a price of around $190 per tonne.

WHEAT TENDER: Key wheat importer Morocco may soon tap the world market again for soft wheat, wrapping up heavy purchases for the 1995/96 season, European trade sources said on Monday. Morocco may buy between 120,000 and 150,000 tonnes of soft wheat over the next ten days, provided world prices calm down, they said.

MARKET TALK: USDA weekly grain/soyabeans inspected for export during the week ended March 28: soybeans 17.152 million bushels vs 19.144 million, wheat 19.354 million vs 26.616 million, corn 44.943 million vs 49.732 million, sorghum 1.891 million vs 3.057 million and barley 5.744 million vs 448,000.

MARKET TALK: China has reduced its import duty on palmoil to 18 percent from 20 percent starting from Monday, Malaysian Primary Industries Minister Lim Keng Yaik said. Lim said the import duty imposed on palm oil is still discriminatory when compared to the duty imposed by China on soyabean oil at 13 percent and groundnut oil at 9.7 percent.

MARKET TALK: USDA said Monday it targeted 71 countries for the sale of 6,167,700 tonnes of U.S. wheat under the Export Enhancement Program. The largest 1995-96 wheat allocation went to China with 1,250,000 tonnes followed by Egypt 1,176,500 tonnes, USDA said. The independent states of the former Soviet Union were given a collective 275,000 tonnes. Pakistan was offered 567,500 tonnes, USDA said.

MARKET TALK: Archer Daniels Midland Co treasurer Charles Archer said Monday that he expects grain to be planted in the United States "fence-row to fence-row" for many years to come. Speaking before the Council of Institutional Investors, Archer said, "Thanks to the new farm bill that will allow the American farmer to plant up to 10 to 15 percent more land this year and choose what he wants to plant, we can expect to see grain fence-row to fence-row, and I think we can expect to see that for years to come, not just for one year while prices remain high as we have so often seen in the past."-Reuter