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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...

Corn quotes in Chicago fell 5.8% for the week amid sluggish exports and USDA forecasts for more planted acreage in 2023.   At the Ag Forum last week, the US MSG released its first forecast of the sown area and corn harvest in 2023. It is expected that compared to 2022, the corn harvest will grow by 10% to 383.2 million tons, and the sown area - to 91 million acres (88.6 million acres in 2022 and 93.3 million acres in 2021). Consumption and export estimates for FY 2023/24 were also...

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 FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2300 Mustard seeds 60000 1240 Peas 7505 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 Rye grade III 6200 ...

Last week, the state-owned Egyptian operator GASC bought 79,000 tons of soybean and sunflower oil at an international tender for delivery on April 1-20, increasing purchases against the background of falling global prices. At the same time, sunflower oil prices have a significant discount compared to soybean oil, despite forecasts of a reduction in supply in the 3rd quarter due to a decrease in the sunflower harvest in Ukraine and the Russian Federation in 2022.   In particular,...