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Indonesia, which is the world's largest producer of palm oil, has implemented the B30 program since 2020, which involves blending fossil gas oil with 30% biofuel produced from palm oil. The country's Ministry of Energy said that from January 1, 2023, the mandatory proportion of biofuels for blending will be increased to 35% in order to reduce fuel imports amid high global energy prices and switch to clean energy sources. Such a decision will strengthen the demand for palm oil and...

According to the Ministry of Infrastructure of Ukraine, 92 vessels are currently waiting in the Bosphorus for inspection by representatives of the Joint Coordination Center for loading Ukrainian grain.   As a result of the artificial delay of the inspection by representatives of the Russian Federation, the queue continues to grow. So, out of 65 ships declared for inspection, Russian inspectors registered only 3 ships today. This slows down the work of Ukrainian ports and reduces 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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3200 160 Mustard seeds 65000 1240 Peas 5927 200 290 Rye 220 Coriander 35000 Corn 7250...

According to estimates by the Institute of Agricultural and Food Market (Ismea), in Italy, olive oil production in 2022/23 MR will decrease compared to the previous season by 37% or 120,000 tons to 208,000 tons as a result of severe drought and reduced yields amid changes in tree fruiting cycles .   The situation of global increase in the prices of production factors increases costs, which, against the background of a decrease in harvest and production, leads to an increase in...

Weather conditions in December and January will determine the fate of the crop in South America, so traders are predicting how much the lack of rain in Argentina will reduce soybean and corn yields.   In Ukraine , the weather does not allow to complete the harvesting of corn, but next week several days of dry and frosty weather are expected, which will allow the work to continue. Now, 18.4 million tons of corn have been threshed from 70% of the areas, out of the 27 million tons...

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 3200 160 Mustard seeds 65000 Peas 5927 200 Coriander 35000 Corn 7250 ↑ 50 6056 5330 201 ↑ 1...

Russian shelling of Ukraine's energy infrastructure last week shut down the ports of Great Odesa, but 24/7 energy companies restored power earlier this week, and the ports of Odesa, Chornomorsk, and Yuzhnoye resumed shipping. On December 13 and 14, 12 vessels with grain came out of them, which added optimism to traders and led to a slight decrease in stock exchange quotations.   Against the background of increased demand from traders, purchase prices for wheat in the ports of...

Since Monday, February Brent crude futures have risen 8.8% to $82.7/barrel amid speculative buying triggered by a sharp 14.5% price collapse at the start of the month, as well as the shutdown of a major oil pipeline between Canada and USA. This helped vegetable oil prices to recover after falling.   February palm oil futures on Bursa Malaysia tumbled 6.36% on Monday, but by Wednesday had recovered to the previous week's level of 3,946 ringgit/t, or $895/t, on data of...