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Global demand for vegetable oils continues to decline, leading to a further drop in prices. This is due to reduced demand for biodiesel, in particular due to the increase in the number of electric vehicles, especially in China, which supplies more and more biodiesel to the EU, which increases the pressure on quotations.   According to Oil World, in Europe, against the background of the crisis in the biofuel industry, rapeseed oil prices fell to a 3-year low of $840/t, which is $180/t...

After a long weekend in the USA and the EU, stock market quotations for wheat fell sharply on data about the acceleration of sowing in the USA and increased crop forecasts in the EU and the Russian Federation.   Markets are under pressure from active exports and an increase in the wheat harvest forecast in the Russian Federation. According to Rusagrotrans estimates, the Russian Federation will export 4.3 million tons of wheat in May (including to EAEU countries), which will exceed...

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 4200 ↑ 67 135 200 Mustard seeds 60000 Sugar beet pulp gran 9500 Corn 6800 5625 4958 172 180 150 ↓ 5 196...

According to Turkstat forecasts, in 2023/24, Turkey will increase the production of grain crops by 2% to 39.5 million tons compared to the previous season, in particular wheat by 4% to 20.5 million tons, barley by 1% to 8, 6 million tons, oats - by 3% to 375 thousand tons, rye - by 4% to 285 thousand tons.   At the same time, the production of oil crops in the country will remain at the level of the previous season - 2.6 million tons, although the soybean harvest may decrease by 3%...

According to the UN report, the work of the grain corridor from the ports of Ukraine has not yet fully resumed, but the UN and Turkey are cooperating with other parties in order to remove all obstacles that hinder the work of the grain initiative.   "According to the data provided to the SCC by the Ukrainian delegation, there are 54 vessels in the queue to enter the ports of Ukraine, 11 of them have submitted applications for registration to the SCC," - reports the...

In the first 4 months of 2023, China increased wheat imports by 80% against the background of lower prices compared to domestic supplies. Due to the replacement of wheat in fodder with fodder corn, the import of the latter decreased by 8.4% during the specified period.   According to the State Customs Service, from January to April, China purchased almost 6 million tons of wheat, which is 60% of the total exports for 2022. Approximately 60% of imported wheat was supplied from...

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 4133 200 Mustard seeds 60000 Sugar beet pulp gran 9500 Corn 6800 5450 ↑ 725 5006 172 155 214 ↑ 3...

US President Joe Biden announced that he agreed with the speaker of the House of Representatives of the US Congress to change the level of the country's national debt, which will avoid default. The US president called the deal an important step that will reduce spending, protect critical programs for workers and boost the economy. "The deal is a compromise, so not everyone will get what they want. But this is the responsibility of management. Such an agreement will be good news...