Articles By Anna Platonova
Black Sea sunflower oil prices have declined by 5% over the past 10 days after reaching season high levels, trade sources told Fastmarkets on Thursday June 27.
Ukrainian weekly sunflower oil exports continued to be sluggish in the week ended June 26 amid lower prices, while sunflower meal exports jumped, official data showed on Thursday June 27.
The completion of the sowing campaign across the Black Sea countries of Ukraine, Turkey, Romania, Bulgaria and Russia means that expectations for the region’s total production can now be refined into more tangible forecasts against a backdrop of a year-on-year increase of 4% in planted area and an anticipated improvement in yields.
Egypt's state buyer GASC, launched an international tender for the purchase of vegetable oil on Saturday June 22, seeking cargoes to be delivered between August 10 and 25 and/or from August 26 to September 10, sources told Fastmarkets.
The Russian export duty for July is set to remain at zero, while that of sunflower meal will decrease by 42%, the Russian Ministry of Agriculture said in a statement published on its website on Friday, June 21.
Ukrainian farmers in the country’s southern regions have begun harvesting rapeseed for the first time this season, Fastmarkets heard on Friday June 21.
EU oilseed processing volumes continued to decline in May, falling by almost 2.5% month on month, according to data from EU vegetable oils and protein flour association Fediol dated Thursday 20 June.
Ukrainian farmers have begun harvesting early grain crops, according to a notice on the Ministry of Agrarian Policy of Ukraine’s website dated Friday June 21.
Ukrainian weekly exports of sunflower oil, sunflower meal and soybeans fell in the week to Wednesday June 19, with stocks easing ahead of the end of the season, according to official data released on Thursday June 20.
Ukrainian exports of sunflower oil, sunflower meal and soybean meal in the week ended Wednesday June 12 increased compared with the previous week, according to official data published on Thursday June 13.
Egypt’s state-owned General Authority for Supply Commodities (GASC) has returned to purchasing vegetable oils after a month-long break, announcing a tender late on Tuesday June 11, trade sources have told Fastmarkets.
Ukraine’s weekly sunflower oil exports were little changed over the week to Wednesday June 5, while sunflower meal exports fell by more than half, according to official data published on Thursday June 6.
The volume of Ukrainian sunflower oil declared for export in May was the highest since November 2020, according to official data; India and Spain were the main buyers in the month, displacing Turkey and Romania.
The Russian government has reduced the export duty on wheat while the zero duty level for barley and corn remained in place for the week of June 5-11...
The European Commission reduced its estimates for rapeseed, sunflower and soybean production in the EU compared with its April forecasts, according to official data released on Friday May 31.
Ukrainian sunflower oil export volumes remain high despite a decline in weekly shipments, while sunflower meal exports fell in the week of May 22-29...
The Ukrainian Grain Association (UGA) estimated the 2024/25 crop of oilseeds and grains in Ukraine at 74.6 million tonnes, down by 2% from the initial forecast of 76.1 million tonnes in March.
With the war in Ukraine ongoing, the government has started to implement measures to bring more people into the army, with a new law implemented from May 18 that all enlisted men are obligated to renew their data in the defense ministry system...
The Russian Ministry of Agriculture has reduced the export duty on sunflower meal, leaving the export duty on sunflower oil at zero for June...
The Russian government has reduced the export duty on wheat while keeping the tariff on barley and corn at zero in the week from May 29 to June 4...