South Africa Cuts Bean Forecast
PRETORIA - Apr 25/18 - SNS -- Dry edible bean seeded area and production prospects were reduced in the second production estimate from the South Africa Grain Information Service (SAGIS).
Seeded area was reduced from 56,600 to 53,360 hectares, while land in other field crops was revised upward. Corn plantings increased modestly from 2.303 million to 2.319 million.
Sunflower plantings advanced from an initial estimate of 584,900 to 601,500 hectares; while soybeans rose from 775,300 to 787,200; ground nuts was unchanged at 56,300 hectares; and sorghum rose from 24,800 to 28,800 hectares.
India Restricts Pea Imports
DELHI - Apr 25/18 - SNS -- Imports of yellow peas will be limited to a maximum of 100,000 metric tons (MT) through June 30.
The restrictions take effect April 1. The total includes any cargoes which arrived in India after April 1 and "those shipments backed by irrevocable commercial letter of credit and advance payment through the banking channel" before April 25.
The official notice said "both these categories will be required to be registered with jurisdictional regional authority as per Paragraph 1.05 of Foreign Trade Policy, 2015-20."
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