News

According to Reuters, the Tunisian Grain Agency (ODC) held a tender on March 31 to purchase 100,000 tons of soft wheat of any origin, in which 13 companies participated with bid prices ranging from $274.73 to $295.5/ton.   The following lots were purchased at the tender: 50 thousand tons from Cargill at a price of $274.74/ton C&F, 25 thousand tons at Buildcom at $274.73/ton C&F, 25 thousand tons in Casillo at $275.49/ton C&F.   Recall that on March...

The Indian government has extended the current import regime for yellow peas (HS Code 07131010) for another year (until March 31, 2027). The existing conditions remove restrictions on ports of delivery and minimum import price, but retain a 10% customs duty and an additional 20% Agricultural Infrastructure and Development Charge (AIDC).   The current import regime will also apply to pigeon peas and mung beans, the import of which remains duty-free.   The Indian Association...

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 offals6000 ↓ 250Mustard seeds35000Peas1150011117Coriander32000Corn1042589388600 ↓ 293212213Soybean hulls granulated150Soybean meal1700019000350Sunflower oil cake195Sunflower seeds29000...

The prolongation of the US-Israeli war against Iran and the blockade of the Strait of Hormuz are keeping oil prices high and increasing demand for biofuels, which continues to push vegetable oil prices up.   The nearest May Brent crude futures rose another 4.8% yesterday to $118.3/barrel (+66% since the start of the war), although June futures fell 3.3% to $104/barrel amid mutually exclusive statements from the parties regarding negotiations.   Amid rising oil prices and...

The US-Israeli war against Iran and the blockade of the Strait of Hormuz remain the main factors influencing oil markets. The US stock market is showing high volatility amid statements from various parties regarding negotiations and an end to the conflict.   May Brent crude futures remained stable on Monday, but rose another 4.8% yesterday to $118.3/barrel (+66% since the start of the war) amid mutually exclusive statements about negotiations.   Initially, Iranian...

Yesterday, the USDA released its first forecast for US planted areas for the 2026/27 MY Prospective Plantings NASS, which shows that wheat and corn acreage will decline and soybeans will increase, although not as much as predicted at the February Outlook Forum.   Thus, compared to the previous year, the sown area will decrease: all types of wheat – by 3% from 45.3 to 43.775 million acres (analysts' estimate 44.79 million acres, AgForum's forecast in February...

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 offals6000 ↓ 250Mustard seeds35000Peas1150011117Coriander32000Corn104258938 ↑ 178600 ↓ 293212213Soybean hulls granulated150Soybean meal1700019000350Sunflower oil cake195Sunflower...

According to the State Statistics Service of Ukraine, as of March 1, stocks of grain and leguminous crops amounted to 18.4 million tons, which exceeded the corresponding figure last year by 3.8 million tons.   Compared to last year, stocks of these crops in the warehouses of agricultural enterprises increased by 22.6% to 12.5 million tons, and at enterprises engaged in processing and storage - by 32.9% to 5.9 million tons.   By crop, stocks as of March 1 increased compared...