News

Palm oil was typically the cheapest among other vegetable oils due to its lower quality and traded at a discount of $100-150/t to soybean oil and $200-300/t to soybean oil.   But for the current season amid a sharp increase in global soybean production, soybean oil quotes in Chicago have fallen to $910/t and are trading $220/t lower than palm oil in Malaysia.   February palm oil futures on Bursa rose to 5,032 ringgit/t or $1,135/t due to increased demand for palm oil from...

For the fourth month in a row, activity on the agricultural land market in Ukraine is increasing. In October, 11,300 contracts for the sale of plots with a total area of more than 25,200 hectares were concluded, which is the highest figure for the entire period of full-scale invasion, KSE Agrocenter reports in a new analytical review.   Thus, in October, compared to September, the number of concluded agreements increased by 13%, and the total turnover of land - by 11%, which is 62%...

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released new forecasts in its quarterly crop report on December 3. According to them, in 2024/25 MY, the production of winter crops in Australia will increase compared to the previous season by 16% to 55.1 million tons, despite significant differences in growing conditions in different states. And the total harvest of 2024/25 MR will exceed the average 10-year indicator (47.1 million tons) by 17% and will become...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine  CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Vetch 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 330 Buckwheat 11500 270 ...

The drop in sunflower prices in Ukraine slowed somewhat last week, but the gradual decline in export prices for sunflower oil is forcing processors to further lower purchase prices for raw materials.   Currently, prices for sunflower with delivery to the plant are 25,000-26,000 UAH/t.   In the near future, export demand for Ukrainian sunflower may grow, as Turkey will cancel the duty on sunflower seed imports within the quota (which is currently 8%) and reduce the duty on...

The Ministry of Agrarian Policy of Ukraine approved the Procedure for Issuing International Certificates and Other Documents Required by Countries of Destination for Cargoes with Food Products, in accordance with the requirements of Part 8 of Art. 60 of the Law of Ukraine "On Basic Principles and Requirements for the Safety and Quality of Food Products".   The new Order defines: the procedure for submitting to the territorial body of the State Production and Consumer...

Speculative growth in rapeseed prices, caused by a shortage of physical supplies, continues on European exchanges. Against the background of significant volumes sold on the exchange, quotes rose by 2.6% yesterday, almost reversing the decline of the previous week.   February rapeseed futures on the Paris MATIF rose 2.5% to €527.25/t or $554/t yesterday, up 7% in 4 sessions after falling 10% earlier. So far, quotes haven't reacted to increased forecasts for Australia's...

India boosted its imports of vegetable oils to a four-month high in November as refiners actively replenished stocks after strong demand for sweet and fried foods during the Dussehra and Diwali holidays in October and November, Reuters reported.   Thus, compared to October, the import of vegetable oils increased by 12% to 1.6 million tons, in particular, sunflower oil - by 43% to 341 thousand tons, soybean oil - by 20% to 410 thousand tons, while palm oil supplies increased only by...