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Rape quotes on the Paris stock exchange fell to their lowest level since September 2022 amid a drop in global demand for vegetable oils following lower oil prices and increased supply in the European market due to record canola crops in Australia and Canada, as well as a good crop in the EU.   During March, May rapeseed futures in Paris fell by 9.4% to €482.75/t or $518.5/t (-15% for the month, -48% for the year), and canola in Winnipeg - by 8.3% to CAD 757/t or $553/t (-8.5%...

Bulgarian farmers with 50 tractors blocked the route Ruse - Pleven, protesting against the import of agricultural products from Ukraine. They believe that duty-free imports of Ukrainian wheat and sunflowers will bankrupt farmers, as low prices for grain from Ukraine reduce the competitiveness of Bulgarian products.   The participants of the action sent a note of protest to the Minister of Agriculture with complaints about overcrowded granaries and the impossibility of settling...

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  EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2300 Mustard seeds 60000 44000 Peas 7630 Buckwheat 111 Corn 6200 7300 5354 ↑ 7 206 ↑ 6 217 ↑ 6 231 ↓ 2 Flax ...

The data collected by NASA indicate that extreme weather conditions will intensify over the next decade, reports Agrobusiness magazine.   The head of NASA's Earth Sciences Department, Karen St. Germain, said that more and more energy is trapped in the planet's atmosphere, which leads to changes in water cycles.   The National Aeronautics and Space Administration measures incoming solar radiation and outgoing emissions. Calculations of their difference indicate a...

During the current financial year (ending March 31), India will import 1.5 million tons of duty-free sunflower oil, which is 500,000 tons less than the quota allocated by the government, trade and government sources said.   India, the world's largest importer of vegetable oils, buys sunflower oil from the Black Sea region, which accounts for 60% of global production and 76% of sunflower oil exports. In FY 2022/23, the country has already imported 1.3 million tons of duty-free...

Despite lower crop forecasts in Argentina and Brazil, soybean prices continued to fall under the pressure of a difficult situation in the US banking system. Traders believe the bankruptcy of two major banks involved in cryptocurrency could sharply lower fuel and food prices.   In a March report, experts from the Brazilian agency Conab reduced, compared to February estimates, the forecast of soybean production in Brazil in 2022/23 MR by 1.5 million tons to 151.4 million tons, which...

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  EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 2300 180 Mustard seeds 60000 44000 1240 Peas 7630 275 ↓ 11 Buckwheat 111 Rye 188 ↓ 12 Corn 6200 ↓ 229 7300 5787 ↓ 31 206 ↑...

May palm oil futures fell 2.5% on Friday to 3- weekly low of 4,098 ringgits/t or $907/t.   Prices were not supported even by data on the increase in palm oil exports from Malaysia for the period March 1-10 by 45.3% compared to the same period in February and the reduction of stocks. At the end of February, palm oil stocks in Malaysia decreased by 6.6% compared to January to 2.12 million tons, which is the lowest figure in the last 6 months, the Palm Oil Council of Malaysia (PAC)...