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In December, India reduced imports of edible oils by 25% to a 3-month low of 1.19 million tonnes, including sunflower oil by 22% to 265,000 tonnes and palm oil by 40% to a 9-month low of 503,000 tonnes as prices surged, prompting processors to boost purchases of cheaper soybean oil, whose imports rose by 3% to a 4-month high of 420,000 tonnes.   A reduction in palm oil imports by India, the world's largest buyer of vegetable oils, could collapse base palm oil prices in Malaysia...

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, $ DAF, $ CIF, $ Wheat mill offals 5750 Mustard seeds 25000 Peas 13500 300 Rye 9000 Rye grade II 9000 Coriander 21500 Corn...

In December 2024, the FAO Food Price Index (FPI) decreased by 0.5% or 0.6 points compared to November to 127 points, which was 6.7% or 8 points higher than the December 2023 figure, but was 20.7% or 3.2 points lower than the peak in March 2022. At the end of 2024, the average value of the PPI was 122 points, which is 2.1% or 2.6 points lower than the average value of the PPI for 2023 due to a decrease in the price indices for sugar, dairy products, vegetable oils, and cereals.   The...

Oil prices have risen 5.5% in the past two weeks to their highest level since mid-October as global supply sags and cold weather boost demand, while the market expects sanctions on oil exports from Iran and Russia to tighten, reducing supplies.   The week before Christmas, March Brent crude futures were trading at $72.5/barrel, but have now risen to $77.15/barrel (+7.4% month-on-month), and WTI crude futures are up 5.8% to $73.5/barrel (+8% month-on-month).   A speculative...

China has expanded the list of genetically modified and genetically modified high-yield crops available to local farmers, issuing safety certificates for 17 varieties, IDK reported, citing the Ministry of Agriculture and Rural Affairs of the People's Republic of China.   The move is part of the country's efforts to reduce its dependence on imports and ensure food security. According to the ministry, 12 varieties of genetically modified and 5 varieties of non-GM crops have...

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, $ DAF, $ CIF, $ Wheat mill offals 5750 Mustard seeds 25000 Peas 13500 300 Rye 9000 Rye grade II 9000 Coriander 21500 Corn...

A USDA representative in Kuala Lumpur predicts that in the 2024/25 MY, Malaysia will reduce palm oil production and stocks and increase soybean imports.   A report from the Global Agricultural Information Network (GAIN) on January 2 predicted that palm oil production in Malaysia will decrease by 510,000 tonnes from the previous year to 19.2 million tonnes, although the USDA in December forecast a production reduction of 410,000 tonnes to 19.3 million tonnes.   According to...

Heavy rains have helped Argentina's soybean planting rate exceed last year's at the start of the season, prompting local agencies to raise their acreage and yield forecasts. However, the dry and hot weather that has prevailed over the past week and is expected to continue for at least another two weeks is reducing the potential for future soybean and corn harvests.   According to the Buenos Aires Grain Exchange (BAGE), in Argentina, 87% of the planned 6.6 million hectares...