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Speculative growth in vegetable oil prices continues on forecasts of reduced stocks
07.11.2024
Palm oil prices continued to rise on forecasts of lower inventories in Malaysia and increased consumption and imports by India, supporting soybean and sunflower oil quotes. Traders are doing speculative buying in anticipation of Friday's USDA report, data from the Malaysian Palm Oil Board due on Nov. 11, and demand and inventory forecasts from an industry conference in Indonesia this week. Oil prices fell 2% yesterday amid Trump's victory, a stronger dollar and...
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The President of Ukraine signed a law banning the use of palm oil in food products
07.11.2024
The President of Ukraine signed the law voted on September 4 by the Verkhovna Rada "On Amendments to Certain Laws of Ukraine on Improving the Quality of Food Products, including Food Products Consumed by Children", which regulates the quality and safety of food products and takes into account the best global practice in regulating the content of trans fat products. The new law provides for: setting the maximum content of trans fatty acids in food products at the...
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Against the background of the election of Trump as President, US stock indexes rose to record highs, while China's - fell
07.11.2024
After Trump was elected President and Republicans won the Senate and House of Representatives, US stock indexes rose to record highs, while they fell in Mexico, China and Europe on expectations of intensifying trade wars. The S&P 500 index rose yesterday to a record 5,929 p (+3.6% since the beginning of the week), the Dow Jones Industrials index - to 43,730 p (+4.6%), and the Nasdaq 100 - to 18,983 p (+4.3%) . The dollar rose to a 4-month high and the yield on the...
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The victory of Trump and the Republicans in the US elections could negatively affect the biodiesel market, especially in the EU
06.11.2024
It is known that President Trump does not believe in the theory of global warming and the need to reduce oil consumption. Therefore, after his victory in the elections, as well as the Republicans obtaining a majority in the US Senate, biofuel support programs in the country may be reduced. In addition, Trump plans to introduce a tariff on imports of goods from the EU, which will further increase the pressure on the prices of fuel that Europe supplies to the United States. The US...
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The yield of corn in the east of Europe in 2024 significantly decreased due to drought
06.11.2024
The German publication agrarheute published forecasts of corn yields for grain and silage in European countries in 2024, citing data from the German Maize Committee (DMK). It is expected that in 2024 the EU countries will receive the following average yield of corn per silage : Ireland – 543 c/ha, Italy – 483 ts/ha, Poland – 470 c/ha, France – 460 c/ha, Germany - 434 t/ha, The Netherlands - 420 c/ha, Belgium – 390 c/ha, Spain...
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Purchase prices for grains in Ukraine on November 6, 2024
06.11.2024
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, $ Wheat mill offals 5000 150 Mustard seeds 25000 Peas 13000 13125 7150 Buckwheat 30 Coriander 21500 Corn...
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In October, Ukraine increased the export of agricultural products by 33.8% to 6.6 million tons
06.11.2024
In October, Ukraine increased its export of agricultural products by 33.8% compared to September to 6.6 million tons. Exports increased in all product categories, primarily due to the completion of the harvest. Thus, compared to September, exports increased in October: grain crops - by 33% to 4 million tons (corn - 49%, wheat - 42%, barley - 10%), oil crops - by 27% to 1.2 million tons (soy - 57%, rapeseed - 40%, sunflower - 1%), vegetable oils - by 38% to 590.2 thousand tons...
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Export demand and prices for soybeans in Ukraine increased again
06.11.2024
After an active start at the beginning of the season, export demand for soybeans in Ukraine decreased at the end of October against the background of an increase in the supply of cheap American soybeans on the world market. But this week, demand and prices in Black Sea ports rose again. In October, soybean exports from Ukraine increased 3 times compared to September to a record 675,000 tons, which was 20% higher than the previous record of 561,500 tons exported in October 2019. The...