News

The Indian government has decided to cancel the duty-free import of 2 million tons of unrefined soybean oil and impose a tax of 5.5% on it from April 1 to support local oilseed producers.   The decision on the duty-free import of 2 million tons of sunflower oil was made in May 2022 as a result of a reduction in supplies from Ukraine and the Russian Federation and a sharp rise in world prices. It was planned that this quota would remain in effect in 2023/24 MY, however, sunflower oil...

For more than a year, Ukraine has been resisting open aggression from the Russian Federation, and is winning on all fronts, including the restoration of export supplies. In February, grain export exceeded 5.2 million tons, while in February 2022 it amounted to 5.05 million tons.   According to the State Customs Service, in the 2022/23 FY as of March 1, 32.286 million tons of grain and leguminous crops were exported, of which 5.207 million tons were exported in February, in...

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 2667 Mustard seeds 1240 Peas 7505 ↓ 42 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 ...

The Turkish state agency TMO canceled the results of the tender held last week, where 48,000 tons of Russian unrefined sunflower oil were purchased at a price of $1159-1173.8/t C&F, explaining this by high oil prices, although the Egyptian GASC at the same time purchased a batch of sunflower oil at a price of $1,170/t C&F.   Against the background of reduced demand, prices for Russian sunflower oil have already fallen to $1,100/t FOB for May delivery, which is the lowest...

The global oil market is expecting a record soybean harvest from Brazil, which is the main driver of price pressure. Even Argentina's farmers' strike has not yet affected prices, which are falling amid reduced demand from importers who expect further declines in world prices.   According to the Safras and Mercado agencies, as of February 24, in Brazil, soybeans were harvested on 30.3% of the area, which is slightly lower than the annual average of 31.4%, and in the main...

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 2300 Mustard seeds 60000 1240 Peas 7547 ↑ 42 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 ...

From 01.01.2023, the Law on the Prohibition of the Use of GMO Feeds for Feeding Animals came into force in Poland. According to it, from January 1, 2025, the use and sale of GMO feed and genetically modified organisms used in feed will be prohibited. The law has already been adopted by the Seimas and the Senate and signed by the country's president.   We will remind that 19 EU countries have banned the cultivation of GMO plants on their territories since 2016.   And...

Last week, stock exchange quotations for wheat fell by 6-10% against the background of forecasts of an increase in the harvest in the USA, negotiations on the continuation of the grain corridor from Ukraine and a decrease in export rates under the pressure of increased competition from the Russian Federation.   Experts of the US MSG predict that in 2023 wheat production in the country will grow by 14% compared to 2022 to 51.3 million tons, and the sown area to 49.5 million acres...