Articles By Masha Belikova
The Russian wheat export tax continued to decline for the week through July 10-16, while corn and barley remain at zero, an official update from the agriculture ministry showed on Friday July 5.
Australian barley exports in May exceeded the Australian Bureau of Statistics forecast, while rapeseed exports increased and wheat exports dropped on decreased volumes to China.
Dry bulk freight rates for Panamax-sized vessels were broadly stable in the week to Wednesday July 3 after several weeks of rises, with increased ship supply and slower exports continuing to weigh on rates.
Major Feedmill Group (MFG) of South Korea has continued corn and meal purchases in private deals on Wednesday July 3 for November-December arrivals, trade sources have told Fastmarkets.
The start of the Black Sea region’s new wheat marketing year from Monday July 1 offers an opportunity to look back on the previous marketing year and to focus on Ukraine’s experience and the effect that the self-declared humanitarian corridor has had on the country’s agricultural exports.
Saudi Arabia’s General Food Security Authority (GFSA) has purchased only half of the amount of September-December wheat it was looking for, paying an average of $263.35 per tonne CFR, according to an official note on its website on Monday July 1.
The Russian government has changed its tax calculation formula on wheat exports, bringing it down significantly for the July 3-9 period, the country's Ministry of Agriculture said on Friday June 28.
Thai private buyer Betagro has secured a feed wheat cargo for August shipment in a tender that closed on Wednesday June 26, trade sources told Fastmarkets.
Saudi Arabia state grain importer General Food Security Authority (GFSA) has returned to the market for 595,000 tonnes of optional-origin milling wheat in its third tender so far in 2024, it said on its website on Thursday June 27.
The Indian government has introduced a 500,000 tonne tariff rate quota (TRQ) on corn imports as well as new levels for milk powder, rapeseed oil and crude sunflower oil, in an official document released on Wednesday June 26.
Dry bulk freight rates for Panamax-sized vessels fell in the week to Wednesday June 26 after several weeks of rises, with increased tonnages and seasonal slowdowns being outweighed by the demand for grains.
The Russian grain crop harvest has reached 3.8 million tonnes from 882,600 hectares as of Tuesday June 25, nearly double last year's volume due to an earlier start, with yields higher than expected, according to official government data released on Tuesday.
South Korean feed importer Korea Feed Association (KFA) continued its corn purchases, booking a fresh corn cargo for October arrival, sources told Fastmarkets on Tuesday June 25.
Algeria’s state grain importer has issued a fresh tender for optional origin nominal 50,000 tonne pf milling wheat for delivery within August-October period, an official document showed late on Monday June 24.
Egypt’s state-backed General Authority of Supply Commodities (GASC) has returned to the market with a tender looking for optional origin milling wheat for August – September shipment, sources said late on Monday June 24.
The Russian government has continued to push down the rate of its wheat export tax, leaving corn and barley duties at zero for the period June 26-July 2, the country’s Ministry of Agriculture reported on Friday June 21.
The Ukrainian Grain Association (UGA), the trade lobby in state bodies, called on the Ukrainian government to suspend the minimum export price mechanism implementation amid concerns over potential negative effects, a note on the organization's website showed on Thursday June 20.
Dry bulk freight rates for Panamax vessels rose again in the week to Wednesday June 19, with increased demand in the Atlantic meeting a tightening tonnage list, Fastmarkets heard.
Thailand’s Feed Millers’ Association (TFMA) has booked up to 60,000 tonnes of feed wheat cargo expected to be sourced from the Black Sea, sources said on Wednesday June 19.
After more than two years of war, Ukrainian trade has start to feel sufficient confidence to return to forward trading because the country’s Black Sea ports have been showing stable trade flows for almost nine months. But there are still other factors limiting it, market sources told Fastmarkets in June 2024.