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Egypt's GASC this week held an international tender for the purchase of vegetable oils, where it purchased sunflower oil at the lowest price in the last 2.5 years.   Offers of sunflower oil at a price of $1000-1060/t with immediate payment and soybean oil at a price of $1079-1085/t with immediate payment were submitted to the tender, i.e. the prices were only $10-20/t lower than the offers at the previous tender on April 19, where GASC purchased 34,000 tons of sunflower oil and...

Mild temperatures with intermittent rains in the US, Canada and the EU are helping seeding and crop development, while drought in Argentina has not only reduced soybean and corn production, but is also impairing winter wheat crop potential. The dry season has also begun in Brazil, but moisture reserves are sufficient for the normal development of crops.   In the corn belt of the United States , particularly in the dry western regions, heavy rains will pass in the next few days, which...

According to the experts of the Malaysian Palm Oil Council (PMOC), in April, as a result of the reduction in production, palm oil stocks in the country fell to an 11-month low, as a result of which quotations for it rose by 5.5% at the beginning of the week.   However, on Wednesday and Thursday, prices fell by the same 5.5% to the level of the previous week on the data of the survey company Intertek Testing Services on the increase of palm oil exports from Malaysia for May 1-10 by...

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 3700 3275 ↓ 145 Mustard seeds 60000 850 Sugar beet pulp gran 9500 Corn 7025 5550 5171 181 ↓ 1 175 233...

Soybean futures in the US continue to fall in price against the backdrop of high sowing rates and increasing supplies from Brazil to the world market, in particular to the US. Yesterday on the Chicago exchange, July soybean futures fell by 0.7% to $515.9/t (-5% for the month), and November - by 0.3% to $459.6/t (-5 1% per month). According to the USDA, as of May 7, 35% of planned acreage was planted to soybeans in the US, compared to 11% last year and 21% on average over 5 years. This means...

Significant volumes of deliveries to Europe of canola from Australia and sunflower from Ukraine led to a sharp decrease in the prices of vegetable oils, Argus Media reports.   According to the Australian Bureau of Statistics, the country exported a record 3.4 million tons of canola during the 6 months of the current season (as of March 31), most of which went to EU countries. Ukraine significantly increased sunflower exports to the EU, although before the war it exported mainly...

Gas prices in Europe continue to fall under pressure from large inventories, warm weather and increased LNG supplies, which will lower nitrogen fertilizer prices and help lower crop costs.   At the TTF hub in the Netherlands, June futures fell to €35.06/MWh or $398.1/1,000 cubic meters. The last time such prices were recorded was in July 2021, when Russia first began to block energy supplies to Europe. It is worth recalling that in pre-crisis 2019, the average TTF cost was less...

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 3700 3420 ↑ 70 Mustard seeds 60000 850 ↓ 125 Sugar beet pulp gran 9500 Corn 7025 5567 ↑ 483 5171 ↓ 38 180 ...