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India reduced vegetable oil imports by 11% in April, increasing pressure on quotes
06.05.2025
According to dealers' estimates, in April, India reduced imports of edible oils by 11% compared to March to 865,000 tons, primarily expensive palm oil, although it increased imports of much cheaper soybean oil. Thus, palm oil imports decreased by 24% to 322 thousand tons, which is half the average of the previous marketing season, which was 750 thousand tons per month. Importers expect a decrease in palm oil prices, which increases the pressure on soybean and sunflower oil...
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Purchase prices for grains in Ukraine on May 5, 2025
05.05.2025
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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals7500 7000 ↓ 150 380 Mustard seeds 25000 Peas 14800 Rye 12000 Coriander 27000 Corn11000 10147 10050 10300 ↑...
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Rainfall in the US, Brazil and Ukraine is supporting the development of corn and late crops
05.05.2025
Last week, heavy rains hit major soybean and corn growing regions in the US, delaying planting but improving soil moisture, while rains continue in Brazil ahead of the dry season. In Ukraine, rains and a decrease in temperatures began over the weekend, which will improve the condition of winter crops and facilitate the sowing and germination of spring crops. During the week, cold weather will prevail with temperatures of 5-15 ° C and rains that will bring 10-15 mm of...
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Turkey begins selling state corn reserves, which will reduce domestic prices and demand for grain in Ukraine
05.05.2025
Turkey's State Grain Agency (TMA) has started selling part of its corn stocks to poultry farmers based on actual monthly consumption. According to analysts at Atria Brokers, sales could reach 200,000 tons. In the southern regions of Turkey, as of May 2, the TMO set corn prices at $285-290/t. Following the introduction last week of an additional quota for duty-free imports of another 1 million tons of corn, the sale of stocks will sharply reduce domestic prices and...
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Sowing rates in Ukraine correspond to last year's, but areas under spring wheat and barley have decreased
05.05.2025
According to the Ministry of Agrarian Policy of Ukraine, as of May 2, 2025, 3.252 million hectares or 57% of the planned 5.681 million hectares were sown with spring grain and legume crops in the country (3.407 million hectares or 60.8% on this date last year), in particular: wheat – 91% of the forecast or 207.9 thousand hectares (240.7 thousand hectares in 2024 and 236 thousand hectares in 2023), barley – 92% or 715.2 thousand hectares (775.7 and 712.2 thousand...
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Purchase prices for grains in Ukraine on May 2, 2025
02.05.2025
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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals7500 7000 ↓ 150 380 Mustard seeds 25000 Peas 14800 385 Buckwheat 15000 Rye 12000 Coriander 27000 ...
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Turkey has announced a new quota for duty-free imports of 1 million tons of corn, which has already reduced domestic prices and may affect quotes in Ukraine
02.05.2025
On May 1, the Turkish government announced a new quota for duty-free imports of 1 million tons of corn, valid until July 31, 2025, which has already reduced domestic prices from $265-270/ton to $255-260/ton. According to ASAP Agri, active corn imports to Turkey exceeded the quota of 1 million tons set on March 18 (since then, 1.3 million tons have been shipped and another 500 thousand tons have been contracted), so only about 500 thousand tons of corn will need to be supplied under...
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High canola prices in Canada will contribute to an increase in planted area in 2025
02.05.2025
The introduction of tariffs by China and the US on Canadian canola oil and meal initially collapsed canola prices and raised concerns about a sharp decrease in canola acreage in the new season, but a significant increase in export and domestic demand for canola in Canada corrected the situation and supported prices. According to the Canadian Food Inspection Agency, in the 2024/25 MY (as of April 24), the country increased domestic canola consumption by 7.1% to 8.45 million tons...