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According to SEA estimates, India increased vegetable oil imports in July compared to the corresponding period of 2023 by 8% to a record 1.89 million tons, reports Oil World. Thus, compared to July 2023, palm oil imports increased from 1.02 to 1.12 million tons, of which 630,000 tons were supplied from Indonesia, 300,000 tons from Malaysia, and 120,000 tons from Thailand.   The import of sunflower oil grew by 14% to 367,000 tons, of which 190,000 tons were delivered from 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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3600 Mustard seeds 485 Peas 13300 13200 ↑ 200 250 270 Rye grade III 5850 Rye grade IV 5700 ...

In its August report, the Brazilian agency Conab left the forecast for the soybean harvest in the country in 2023/24 at the level of 147.38 million tons, which would be 4.7% less than in 2022/23. At the same time, the USDA in August left the forecast for soybean production in Brazil in 2023/24 at the level of 153 million tons, and in 2024/25 at the level of 169 million tons.   Conab's soybean export forecast in FY 2023/24 remained at 92.4 million tons, while USDA raised it by 2...

Unexpectedly upbeat data on canola in the USDA's August report sent canola and canola prices lower, especially amid a sharp drop in soybean quotes.   USDA experts increased the forecast of global rapeseed production in 2024/25 MR by 0.9 to 88.8 (88.75) million tons, primarily for the Russian Federation - by 0.8 to 5.1 million tons, but did not lower the harvest estimate for the EU and Ukraine, as analysts expected.   In Ukraine, on August 8, 99% of the area harvested...

During the week, the main US stock indexes rose and almost recovered from last Monday's fall of 5-5.5%. The S&P 500 index closed yesterday at 5,440p, just 4% below July's record high and 24% higher than last year's level. The Dow Jones Industrials closed at 40,000, down 5% from a record high and up 14% from last year. The Nasdaq 100 index closed at 17,200 (-7.5%, +24%). Quotations are supported by positive reports from companies and data on the improvement of the US economy. 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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3600 Mustard seeds 485 Peas 13300 13000 250 270 Rye grade III 5850 Rye grade IV 5700 5500 ...

On the Black Sea market, no significant increase in the cost of grain transportation from Ukraine has yet been observed. Cargo/tonnage imbalance persists in all market segments, allowing charterers to dictate terms. The demand for Panamaxes and lighters remains stable, while the demand for handysizes and barges has decreased, so their owners will be forced to lower rates again, UZA reports with reference to ASAP.   Thus, freight rates for panamax transportation of corn and wheat from...

In the August FAS USDA report, the forecast for the world production of vegetable oils in FY 2024/25 was reduced by 0.95 to 227.1 million tons (223.92 million tons in FY 2023/24; 223.88 million tons in FY 2022/23 and 218 .33 million tons in 2021/22 MR), in particular sunflower - by 0.91 to 20.58 (22.19) million tons and palm oil - by 0.36 to 79.83 (79.03) million tons, which partially will be compensated by an increase in the production of rapeseed oil by 0.26 to 34.19 (34.18) million tons and...