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A strong hurricane that covered the east coast of the United States led to a speculative increase in oil prices, which supported quotations of vegetable oils and canola.   December Brent oil futures rose by 3.6% to $79.4/barrel yesterday (+10% since the beginning of the month).   Meanwhile, December palm oil futures on the Malaysian exchange yesterday fell 0.4% to 4,233 ringgit/t or $987/t (+1.2% for the week) on data of a rise in domestic oil inventories and a sharp...

Indonesia's incoming president, Prabowo Subianto, who will take office on October 20, plans to increase the area under food crops by 3 million hectares (7.4 million acres) over five years as part of the country's self-sufficiency program.   Currently, agricultural land in Indonesia occupies 7.4 million hectares, which is 8.5% less than in 2015 (8.08 million hectares), as part of the land was transferred to housing and industrial zones.   An increase in cultivated...

According to traders, the Algerian grain agency OAIS purchased from 360 to 390 thousand tons of soft wheat at the international tender. As with the tender in Saudi Arabia, it is believed that mostly Russian wheat was purchased at a price of $262.5/t and above, which is equivalent to $230/t FOB Novorossiysk.   In recent weeks, the prices of Russian wheat offers have been actively growing and have already exceeded $232-235/t with delivery in October - November. This is due to...

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 25000 22500 ↑ 333 Wheat mill offals 4250 160 Mustard seeds 25000 Peas 13000 13125 5900 Rye grade IV 6400 ...

Corn prices, which rose sharply last week following oil quotes, fell amid profit-taking by traders. But in Ukraine, against the background of a shortage of offers and an increase in the price of fodder wheat, export prices for corn continued to rise, and from Monday they rose by another $5-6/t to $198-202/t or UAH 9,350-9,500/t with delivery to Black Sea ports . Processors have raised purchase prices to UAH 8,500-8,800/ton with delivery to the factory in order to compete with...

Olive oil supplies in Europe may increase significantly next year as Spain resumes production after a drought, the European Commission reports. However, it is not known whether households that abandoned it due to record high prices will return to consuming this oil.   According to forecasts, in 2024/25 MR, olive oil production in the EU will grow by 31% compared to the previous season to 2 million tons, which will exceed the 5-year average by 9%, as the not very good harvest in Italy...

According to customs data, Egypt imported 10.8 million tons of wheat during January-September 2024 (8.3 million tons in the same period last year), of which 8 million tons were delivered from the Russian Federation and 1.5 million tons from Ukraine.   It will be recalled that Egypt plans to reduce wheat imports and partially replace them with sorghum and corn in order to reduce the costs of subsidized bread.   At the same time, the other day, the state-owned Egyptian grain...

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 22167 Wheat mill offals 4250 160 Mustard seeds 25000 ↑ 500 Peas 13000 13125 5900 Rye grade IV 6400 ...