News

The Egyptian General Authority for Supply Commodities (GASC) held its second tender in June for wheat procurement on June 11. This tender saw a sharp increase in wheat offerings and a decrease in offer prices due to the change in payment terms from 270 days in the previous tender to immediate payment upon delivery.   Notably, there was a sharp increase in the number of offers for Romanian, French, and Ukrainian wheat, as well as a decrease in the average offer price to $263.16/t FOB,...

According to the updated assessment by IA "APK-Inform," in May 2023/24 MY, Ukraine exported 714 thousand tons of sunflower oil (+14% compared to April), which became the highest monthly volume since January 2021. Overall, in the history of exporting this product from the country, this is the third-largest monthly shipment volume.   In total, from September to May 2023/24 MY, Ukraine exported a record 5.14 million tons of oil for this period, with a USDA forecast of 5.8...

According to monitoring by IA "APK-Inform," at the beginning of June, soybean oil offer prices in the Ukrainian market reached the highest level since late March 2023, and as of June 11, ranged between 35,100-37,800 UAH/t, excluding delivery costs.   Export offer prices for Ukrainian soybean oil reach 750-780 €/t compared to demand prices around 730-750 €/t on an ex-works basis.   The key factor driving the increase in wholesale prices for this...

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 Peas 12250 Rye grade IV 5500 Sugar beet pulp gran 155 Corn 7969 7065 7500 6284 175 190 ...

Over the past week, palm and soybean oil prices have shown a slight decline due to data on increased production in Malaysia and the completion of soybean harvesting in Brazil and Argentina, which increased the supply of soybean oil.   According to estimates by The Farm Trade, a consulting and trading firm based in Kuala Lumpur, palm oil production in Malaysia in May sharply increased by 13.48%, leading to a rise in palm oil stocks in Malaysia to a three-month high despite relatively...

The week began on global exchanges with continued declines in wheat prices, with soft winter wheat in Chicago leading the fall, losing 3.4% yesterday and 13% for the month due to accelerated harvesting and good yield data.   According to NASS USDA, as of June 9, winter wheat in the USA has been harvested on 12% of the area compared to 7% last year and 6% on average over 5 years, while spring wheat has been sown on 98% of the planned area (96% last year and on average over 5 years)....

Russian oil has started to significantly dominate the key market for Ukrainian oil – the Indian market. This was reported by Andriy Kupchenko, head of business projects at IA "APK-Inform," at the third international fat-and-oil conference "FOC 2024: Fats and Oils Conference," held on June 7 in Almaty.   "Since 2022, the global market has been witnessing a redistribution of sunflower oil flows, directly related to logistical constraints in Ukraine. In...

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 Peas 12250 Rye grade IV 5500 Sugar beet pulp gran 155 Corn 7969 7065 6257 178 ↑ 1 190 ...