Articles By Masha Belikova
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
A cargo vessel carrying wheat loaded from the Ukrainian port of Chornomorsk has been damaged by an apparent missile or drone attack on Thursday September 12.
Unconfirmed reports of private purchases done by Egypt's state buyer have sparked again, with 430,000 tonnes of Russia-origin grain reported booked, sources said on Thursday September 12, some of whom were referring to an article published by Reuters.
Dry bulk freight rates for Panamax vessels in the Atlantic eased again in the week to Wednesday September 11 to one-year lows but may have found a bottom, sources told Fastmarkets.
Philippine private buyer Pafmi has picked up an Australian feed wheat cargo for November shipment in a tender that closed on Tuesday September 10, sources told Fastmarkets.
Russia reduced its wheat export tax for the September 11-17 period, along with the corn export tariff, after an increase last week, the country’s agriculture ministry said in an official update on Friday September 6.
Australian wheat exports picked up by 19% in July after a drop in June, led by significantly increased shipments into Indonesia and Yemen, while barley and canola flow dropped, according to monthly data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), published on Friday September 6.
South Korea's Feed Leaders Committee (FLC) has purchased 66,000 to 68,000 tonnes of United States-origin corn for November 15 arrival in a private negotiation on Thursday September 5, sources told Fastmarkets.
Corn exports from Ukraine have reached their highest level since Russia's attempt at a full-scale invasion began in February 2022, mainly due to improving conditions at the Black Sea ports, with Spain overtaking China as the leading export destination, Ukrainian customs data shows.
Dry bulk freight rates for Panamax vessels in the Atlantic continued to decline in the week to Wednesday September 4 on a scarcity of exports amid a high availability of shipping capacity.
The Thai Feed Mill Association (TFMA) has returned to the market and picked up around 146,000 tonnes of feed wheat for October-November shipment within a tender that closed on Wednesday, September 4, sources told Fastmarkets.
South Korean animal feed producer Nonghyup Feed Inc. (NOFI) has purchased a 65,000 tonnes of optional-origin feed wheat for November 30 arrival in a tender that closed on Wednesday, September 4, sources said.
Market participants have begun to talk about the new option that could be taken regarding Turkey’s ban on wheat imports after the current restriction expires on October 15, Fastmarkets learnt on Tuesday September 3.
The publication of reports that the Chinese government has asked state-owned importing companies to restrict purchases of barley and sorghum in 2024 could be an attempt to keep import volumes below the levels seen in 2023, and this could also be the case for wheat and corn imports, trade sources told Fastmarkets in the week started Monday September 2.
Feed wheat cargoes have reached price parity with 11.5% protein milling wheat cargoes at the Constanta-Varna-Burgas (CVB) ports on the European Black Sea in a rare market occurrence.
The Ukrainian government has agreed with the grain industry on an export cap for wheat in the 2024/25 marketing year of 16.2 million tonnes, an official note on the agriculture ministry website showed on Tuesday September 3.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) revised upward its 2024/25 marketing year estimates for Australian wheat crop by 9% and for exports by 5% compared with its previous report.
The Russian government has again increased the wheat export duty for the September 4-10 period, the country’s agriculture ministry said in an official update on Friday August 30.
US corn imports into the European Union have reached a 25-month high amid relatively low prices for the grain and a high level of competition from other origins that have led the US to become one of the top two corn suppliers to the bloc, EU data has shown.
Traders in agricultural derivative instruments will have access to a raft of new “spread” futures contracts that could unlock new trading opportunities as two of the world’s biggest exchanges announced new products on Wednesday August 28.