News

Edible oil imports into India have decreased by 5% to 8.67 million tons over the first seven months of the 2023/24 marketing year (November-October) compared to the same period in the previous marketing year.   B.V. Mehta, Executive Director of the Solvent Extractors' Association of India (SEA), told FE that the reduction in imports this year is due to high mustard and soybean harvests in the domestic market and rising global prices.   Palm oil imports from November 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, $ DAF, $ CIF, $ Wheat mill offals 3850 Peas 12250 Buckwheat 500 Sugar beet pulp gran 155 Corn 8050 ↓ 25 7013 ↑ 87 6243 174 ↓ 1 156 181 ...

Amid active winter wheat harvesting, favorable conditions for the planting and development of spring wheat in the United States, and forecasts of precipitation in the east and center of Ukraine and the southwestern part of Russia, wheat prices on global exchanges continued to decline. Over the week, prices fell by 2.5-6%, and in the first two weeks of June, prices dropped in the United States by 10.7-12.5% and in Paris by 9.4%.   On Friday, July wheat futures fell: - By 1.2% to...

The global market is experiencing an increase in the supply of vegetable oils, which is restraining the growth in prices for palm and soybean oils, despite the ongoing speculative rise in prices for sunflower oil.   July futures for palm oil on the Bursa Malaysia exchange fell by 1% over the week to 3936 ringgit/ton or $834/ton, remaining stable for almost two months amid rising production and falling exports. According to Oil World, Malaysia increased palm oil production by 13.5% in...

Despite active currency sales on the interbank market and a slight increase in exports in May, the interbank dollar rate continues to rise, having increased by 2.6% over the last month to a record 40.65-40.7 UAH per dollar.   As of June 17, the NBU set the official dollar exchange rate at 40.649 UAH/USD, and the euro at 43.4782 UAH/EUR.   From June 10 to 14, the National Bank of Ukraine sold $898 million on the interbank market, which is $203.3 million more than the...

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 3850 Peas 12250 Sugar beet pulp gran 155 Corn 8129 ↑ 235 6924 ↓ 141 7500 6248 177 ↑ 4 156 181 ↑ 1 Flax 17000 ...

This week and the next, weather conditions in major grain-exporting countries will generally be favorable for the completion of planting and crop development, limiting the impact of weather on markets.   In the USA, spring planting is almost complete, and the harvesting of winter wheat is accelerating. Next week, temperatures are forecasted to rise to 30-33 degrees Celsius, which will be generally favorable for crop development, as there have been sufficient rains. Only in the...

The Egyptian General Authority for Supply Commodities (GASC) held an international tender on June 13 for the purchase of 40,000 tons of vegetable oil with delivery from July 20 to August 5 and/or from August 15 to 31, 2024. The tender aimed to contract 30,000 tons of soybean oil and 10,000 tons of sunflower oil with immediate payment.   Compared to the previous tender on May 9, the number of submitted offers sharply increased, but so did the offer prices. There were 17 offers of...