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During the week, oil prices rose by 9.1% on expectations of an escalation between Iran and Israel, which supported quotations of vegetable oils, especially palm (the futures of which rose by 6.1% on the Bursa exchange in Malaysia), as well as the prices of rapeseed and canola.   November rape futures on the Paris MATIF on Friday rose another 1.2% to €486.75/t or $534/t (+3.7% for the week and month), and February - to €493 /t (+3% for the week, +4.4% for the month). The...

Anticipation of Israel's response to a missile attack by Iran led to a speculative rise in oil prices, which supported palm oil quotes, despite forecasts of a reduction in demand in the near term.   December Brent oil futures on Thursday and Friday rose by 5.4% to $78/barrel (+9.1% for the week and for the month).   Following them, December palm oil futures on Bursa Malaysia rose another 2.8% to 4,300 ringgit/t or $1,020/t (+6.1% on the week) on Friday, ignoring data...

In September, compared to August, India cut palm oil imports by 34% to a six-month low of 530,000 tonnes, as its prices became higher than those of competing soybeans and sunflowers. Palm oil typically sells for less than other oils, but now prices for October delivery are outpacing competing oils.   At the same time, the country's authorities in mid-September increased the basic duty on the import of crude and refined vegetable oils by 20%, which forced some processors to...

In September, the growth of world prices for food products became the largest in the last 18 months. Thus, compared to August, the FAO Food Price Index increased by 3% to 124.4 p, which was 2.1% higher than in September 2023. Note that from March to May, food prices also increased, but the price indices remained lower than the corresponding indicators of 2023.   According to the FAO, the growth of the Food Price Index is due to a sharp increase in world sugar quotations by...

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 21750 Wheat mill offals 4000 160 Mustard seeds 24500 Peas 13000 13125 5900 Rye grade IV 6400 ...

So far, the main factors supporting corn prices have been dry weather during planting in South America and reduced yields in Ukraine and the Russian Federation. But this week they were joined by a speculative rise in wheat prices caused by the worsening situation in the Middle East.   This week, export demand prices for corn in Ukraine increased by another 2-5 $/t to $192-196/t or UAH 9,000-9,100/t with delivery to Black Sea ports against the backdrop of an increase in feed wheat...

Rice prices in the Asian region fell to a 16-year low amid the Indian government's decision to ease export restrictions, Bloomberg reports.   Thus, prices for Thai white rice of 5% cleaning on Wednesday fell by 11% to $509/t, which was the biggest daily drop since May 2008.   Billions of people around the world consume rice as a staple food, and in some regions of Africa and Southeast Asia, it is the main source of human calories.   At the same time, the...

The Egyptian state food procurement agency GASC has agreed to an agreement on the direct purchase of 3.12 million tons of Black Sea wheat, which will be supplied from November to April in batches of 510,000 tons, Reuters reports with reference to its own sources.   The name of the company with which the agreement was concluded is not known, but it is likely to be about Russian wheat, which will be supplied by a joint venture between an Egyptian company and another major participant...