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Following Friday's statements by President Trump and Iran's Foreign Minister about the full opening of the Strait of Hormuz to commercial vessels, June Brent crude oil prices fell by 9.4% to $90.5/barrel, with markets expecting negotiations to continue on Sunday or Monday.   However, on Saturday, the IRGC forces reported that the Strait of Hormuz was closed as the US continued to block Iranian vessels and Israel violated the ceasefire in Lebanon.   Two Indian...

In October-March 2025/26 MY, India increased its vegetable oil imports by 6.1% compared to the corresponding period of the previous season, from 7.52 to 7.98 million tons, Oil World (Germany) reports. However, while palm oil imports grew by 22% to 4.17 million tons, soybean oil supplies decreased by 4% to 2.42 million tons, and sunflower oil by 11% from 1.57 to 1.39 million tons.   In March, total imports of the three main oils amounted to 1.23 million tonnes (1.01 million tonnes in...

According to the European Commission's forecast, in the 2026/27 MY, EU countries will increase sunflower production by 1.2 million tons compared to the previous season to 9.6 million tons, which will be a 3-year maximum.   So, compared to last year, the harvest will increase: Romania (largest producer) – up 18% to 2.1 million tons due to an increase in sowing area to 1.2 million hectares, France (second largest producer) – by 33% to 1.9 million tons, Germany...

According to European tenders, the Grain Agency of Turkey held an international tender on April 16 for the purchase of unrefined sunflower oil with delivery from April 27 to May 22, 2026 on a CFR or EX-Antrepo Mersin basis.   The tender purchased 12,000 tons of oil from Aves at a price of $1,427/ton on an EX-Antrepo basis, including delivery and customs clearance.

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 seeds35000Peas1150011117Rye7500Coriander32000Corn106479001 ↓ 11214217267Soybean hulls granulated150Soybean meal19300 ↑ 300350Sunflower oil cake195Sunflower...

According to ASAP Agri, the Turkish TMO has announced a quota for the import of 3 million tons of corn with a reduced duty of 5%. The quota is planned to be valid from April 20 to July 31, 2026.   Domestic corn prices in Turkey have risen sharply, so traders are waiting for the government to react. Last year, the quotas offered were used very quickly, but now the quota volume is much larger, so there is a possibility that it will not be fully used. However, local prices and demand...

In response to a request from the State Tax Service of Ukraine, the Ministry of Finance provided clarifications regarding the calculation of the minimum tax liability (MTL).   The key factor in the calculation is the actual period of ownership or use of the land. If the owner or user of the land changes during the calendar year (in particular, under lease, sublease or emphyteusis), the MPZ is distributed between them in proportion to the time of use.   That is, the first...

The 35% increase in oil prices since the start of the war with Iran has not led to a significant increase in rapeseed prices, as biodiesel producers have not experienced increased demand for biofuel, which accounts for 10-15% of the cost of fuel.   In Ukraine, the 2025/26 export season is coming to an end, as small residues will not allow collecting a shipload, so large international companies have closed their purchasing programs, and only a few traders are buying rapeseed for...