News

A wave of dry and hot weather forecast for the coming days in the central part of Brazil has led to a speculative increase in quotations for vegetable oils. During the week, soybean and palm oil prices rose by 5-6%, despite the increase in oil stocks in India and Malaysia.   After three weeks of stability, January palm oil futures on Bursa Malaysia yesterday rose 2.6% to 3,905 ringgit/t or $828/t (+4.9% on the week) following soybean oil prices which becomes more expensive against...

Negotiations between representatives of Polish carriers and the Ukrainian authorities, which took place on November 13, have not yielded results yet. It seems that the strikers will block the border for a long time. This has already led to a disruption in export truckloads of rapeseed to the EU and an increase in domestic demand and rapeseed prices. In general, factories in the EU are provided with raw materials until the new year, but the stoppage of exports from Ukraine creates a shortage on...

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 900 105 Mustard seeds 550 Peas 8500 212 Buckwheat 9500 Rye grade II 4500 Green peas 5000 ...

After the attack by the Russian Federation on a cargo ship in the port of Odesa region, the markets were shaken by a new wave of concern regarding the further export of Ukraine, Atria Brokers reports.   At the end of last week, the situation on the chartering market remained uncertain, and the drop in rates for transportation from the deep-sea ports of Odesa, which was observed in the previous few weeks, stopped.   As of November 10, the freight rates for the...

A fairly balanced November USDA wheat report and weak demand from importers are keeping wheat quotes low. And not even a decline in wheat harvest forecasts in Australia and Argentina can significantly support them.   As a result of the low amount of rain in the main wheat-growing regions in October, Refinitiv Commodities Research analysts lowered the forecast for the wheat harvest in Australia in 2023/24 MY by 1 million tons to 23.1 million tons, which would be 16.6 million tons less...

According to the Solvent Extractors' Association of India (SEA), in FY 2022/23, compared to the previous season, India increased its import of vegetable oils by 17.4% to a record 16.47 million tons, including palm oil by 24% to 9.79 million tons, sunflower - by 54% to 3 million tons, while it reduced the purchase of soybean oil by 12% to 3.68 million tons. This is due to the decision of the country's authorities to reduce the import duty on vegetable oils to 5.5%, as well as low prices...

In the central regions of Brazil, where dry weather persists, a new heat wave of over 35 o C is expected this week, which will negatively affect soybean and corn crops.   Against this background, November soybean futures rose by 2.6% to $502.7/t (+6.2% for the month), and January futures rose by 2.6% to $508/t on the Chicago Stock Exchange yesterday. (+5.9% for the month).   Rains from the south are forecast to spread to the central states over the weekend and 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 900 Mustard seeds 550 Peas 212 Rye grade II 4500 Sugar beet pulp gran 11111 Green peas 5000 ...