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Egypt's Ministry of Supply has confirmed Mostakbal Misr's authority to import key types of food, Reuters reports with reference to a letter sent to the Ministry of Agriculture of the Russian Federation.   “The Mostakbal Misr Agency will receive all the legal powers previously held by the GASC. The procurement structure will also change - and direct agreements with suppliers will be concluded along with tenders. The Ministry of Supply guarantees that Mostakbal Misr has...

Rains in Argentina's agrarian areas have improved soil moisture before sowing soybeans and corn, the Rosario Grain Exchange reports.   Argentina is one of the world's largest exporters of soybeans and grains. Sowing of corn and soybeans is now starting in the country. After a dry winter, the country experienced almost daily rains in the spring, which reached the southern regions over the weekend and improved the conditions for sowing.   According to the forecast of...

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 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 378 ↑ 16 Buckwheat 11500 ...

Sunflower prices in Ukraine continue to fall, as the Russian Federation increases production of sunflower oil and pushes Ukraine out of its traditional markets.   According to the estimates of the IKAR agency, in 2024, compared to the previous year, the Russian Federation increased the production of rapeseed from 4.2 to 4.7 million tons, soy - from 6.8 to 6.9 million tons, but reduced the production of sunflower from 17.4 to 15.8 million tons, while the production of flax remained at...

Forecasts of a reduction in palm oil production due to the worst floods in a decade in Malaysia are fueling speculative growth in quotes. They are also supported by higher export duties and taxes in Indonesia, the world's largest exporter of palm oil.   Indonesia raised the base price of crude palm oil (CPO) from $961.97/t in November to $1,071.67/t in December, raising the export duty from $124/t to $178/t.   India increased edible oil imports to a 4-month high in...

Statistics Canada (StatCan) released harvest estimates for major crops on December 5. The report is based on a survey of 27,200 farmers, while previous reports for August and September were based on models using satellite images. Compared to September estimates, wheat harvest forecasts have been increased, while canola, soybean, corn, and barley forecasts have been decreased.   Canada's 2024/25 wheat crop is expected to grow 6.1% year-over-year to 34.96 million tons (USDA...

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 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 362 ↓ 16 Buckwheat 11500 ...

In recent months, the pace of corn exports from Ukraine has been slowing down due to a reduction in demand from the EU and increased competition with South American grain.   In 2024/25 MR (as of December 4), Ukraine exported 7.4 million tons of corn, which is 14% ahead of last year's pace (6.47 million tons).   Against the background of a decrease in offers from producers, the export demand prices for corn in Ukrainian Black Sea ports increased by $2-3/t during the...