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According to dealers' preliminary estimates, after a 30% drop in September, imports of vegetable oils to India rose sharply in October amid heightened holiday demand and the need to replenish stocks.   Thus, import of palm oil increased by 59% to 840,000 tons, and sunflower oil - by 57%, while soybean oil supplies decreased by 10%.   Experts of the SEA Association believe that in FY 2024/25, India will reduce its import of vegetable oils to 15 million tons, as...

On Thursday, November 7, the Land Bank held 9 auctions for the lease of state lands with a total area of 1.1 thousand hectares for the amount of UAH 32.5 million. (+ UAH 5 million VAT). This was reported by the Minister of Agricultural Policy of Ukraine V. Blacksmith.   The price of sublease of land increased by 8.3 times. The top offer was a plot of land in Kirovohrad region with an area of 514.8 hectares, for which 10 participants competed, and the final bid reached UAH 13.2...

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 16000 Wheat mill offals 5000 150 Mustard seeds 25000 Peas 13000 13125 7150 Coriander 21500 Corn...

According to the analytical agency Oleoscope, in 2023/24 MY the global production of rapeseed oil grew by 4.4% to 34 million tons, and in 2024/25 MY it may increase by 0.5%. World oil exports increased by 13% to 7.4 million tons in FY 2023/24, and will increase by 6% to 7.8 million tons in FY 2024/25.   In 2023/24 MR, the main producers of rapeseed oil were: EU - more than 10 million tons (production will decrease by 2.3% in the current season) China - 7.7 million tons (in...

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...

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...

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...

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...