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Restrictions on palm oil exports from Indonesia will help support vegetable oil prices. Indonesia's government is continuing a policy of restricting exports to ensure sufficient supply of vegetable oil during the Ramadan and Eid al-Adha holidays, and increasing the supply of cooking oil by 50%, which officials say will lower domestic prices. We will remind that after the complete ban on exports in April 2022, world prices for palm oil increased by 60%.   In January 2023, 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 2000 Mustard seeds 60000 1240 Peas 6407 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12 Rye grade II ...

The US government announced plans to increase crude oil released from the Strategic Petroleum Reserve (SPR) to curb oil prices, which rose 2% following Russia's decision to cut oil production by 500,000 barrels per day starting in March. This was a response to the ban on the supply of Russian oil products introduced by Europe on February 5. The US plans to sell 26 million barrels of oil from the strategic oil reserve between April and June of this year. The volume of US oil reserves will...

Brazil significantly increased soybean exports in the first weeks of February. The volume of deliveries has increased by 3.5 times, and now the country is ready to send up to 8-9 million tons of product per month. This is happening in conditions when the entire world export of soybeans for January amounted to about 10 million tons.   In the first two weeks of February this year, soybean exports from Brazil reached 1.3 million tons, which is 362.2% higher than the same figure for the...

The number of ships waiting to pass through the grain corridor has increased to 145 due to the sabotage of the inspection team from Russia. According to information provided by the Ministry of Infrastructure of Ukraine, the number of vessels arriving to load grain continued to decrease last week, while the number of vessels in the queue increased due to obstacles created by Russian inspectors at the SCC.   Last week, the Black Sea ports of Ukraine received only 16 vessels, while 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 2000 Mustard seeds 60000 1240 Peas 6407 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12 Rye...

Corn prices remain high thanks to the speculative support they receive from news from South America. Local analysts continue to cut crop forecasts in Argentina, while delays in second-crop corn planting in Brazil also contribute to supporting quotes.   Low rates of corn exports from the US continue to exert strong pressure on prices, and if weather conditions improve in Argentina and Brazil, there may be some price pullback against the background of increased deliveries from...

Strong export sales over the past few months have confirmed importers' fears that next season's wheat harvest in major exporting countries could shrink and wheat prices could rise sharply.   Agritel Grain experts estimate that the main seven wheat exporters have shown record shipments from October 2022 to January 2023 and that the world market will show record export sales by the end of the current season. At the beginning of February 2023, the main seven wheat exporters have...