News

The participants of the Sevilla VegOils&Meals Trade conference, which took place on June 14, expressed a common opinion that sunflower oil prices will remain stable in the short term, ASAP Agri reports on its resource.   At the same time, Sunstone Brokers expert S. Repetsky predicts that in July the prices of crude sunflower oil may fall by $20/t to $960-980/t CIF Mersin and $1000-1025/t CIF India, and further price trends will depend on the weather conditions and productivity...

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 3850 142 Mustard seeds 111 Peas 13050 ↓ 50 10893 255 280 Buckwheat 500 Sugar beet pulp gran 180...

This week on the Chicago Stock Exchange, July corn futures fell by 7.1% to $165.3/t (-10.2% for the month), and December - by 7.1% to $172/t (- 11%) on forecasts of increased stocks and expansion of sowing areas in the USA.   On Friday, the USDA will release reports on grain stocks and acreage in the United States. Traders expect corn stocks to be estimated at 123.7 million tons, up 19.6 million tons from last year, and corn plantings to reach 93.353 million acres, up from the...

Yesterday, August rape futures on the MATIF exchange in Paris rose 2% to €469.75/t, or $502.3/t, as funds stepped up buying in anticipation of a recovery in prices after falling 4.4% during the month.   A decrease in the EU rapeseed production forecast due to excessive rainfall in the north-western regions remains the main factor supporting quotations. But price gains are limited by low Canadian canola quotes and lower U.S. soybean prices.   On the Winnipeg exchange,...

According to forecasts of the TurkStat Institute, Turkey can harvest 21 million tons of wheat in 2024/25, which will be 4.5% less than the previous season. Currently, the quality of wheat is very good in most regions.   Wheat stocks in the country, according to the IGC, amount to 8.1 million tons, which is 1.5 million tons lower than last year's level, but significantly higher than the average.   Amidst high production and stocks, the state agency TMO is buying wheat...

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 3850 142 Mustard seeds 111 Peas 13100 10893 ↑ 75 255 280 Buckwheat 500 Sugar beet pulp gran 180...

Prices for sunflower oil have become lower than for soybean and palm oil against the background of increased competition between the main exporters - Ukraine and the Russian Federation, whose share in total world exports is more than 70%. This allowed India to purchase a record 500,000 tons of this oil for delivery in June, Reuters reports.   The activation of sunflower oil supplies to India, the world's largest importer of vegetable oils, will reduce the reserves of this oil in...

Egypt's state food procurement agency GASC held its third wheat procurement tender this month on June 25, buying a large batch of 470,000 tonnes as bid prices fell sharply.   The following applications were submitted to the tender (all with direct payment): 9 (12 at the auction on June 11) batches of Russian wheat at a price of 227-250 (265-270 at the tender on June 11) $/t FOB, 10 (13) batches of Romanian wheat at a price of $232-260 (256.7-285)/t FOB, 5 (7) lots of...