Articles By Masha Belikova
The Russian government decreased the wheat export tax, while corn and barley duties stayed at zero for the June 19-25 period the country's Ministry of Agriculture reported on Friday June 14.
The areas sown under wheat recovered in Western Australia amid rains received and replanting of rapeseed areas, the monthly report from the Grain Industry of Western Australia (GIWA) showed on Friday June 14.
The Ukrainian agriculture ministry has updated its forecast for grains and oilseeds production for the 2024/25 marketing year, raising corn, wheat and sunflower seeds figures, while also giving projections for exports, an official note on the ministry’s website showed on Friday June 14.
Wheat stocks in India are “sufficient” and wheat prices are being monitored, according to a document released by the country’s Ministry of Consumer Affairs, Food and Public Distribution on Thursday June 13, and seen by Fastmarkets.
Taiwanese feed production group MFIG has picked up a 65,000 tonne yellow corn cargo from Brazil for August shipment in its tender closed on Thursday June 13, sources told Fastmarkets.
The Ukrainian government is preparing to implement a minimum export price mechanism as it takes another step toward re-exerting control over a non-official trade in exports of grains and oilseeds, according to an official note published on Ukraine's agriculture ministry website early on Thursday June 13.
A correction has been issued for this report.
Dry bulk freight rates for Panamax vessels began to recover in the week to Wednesday June 12, with a flurry of activity cutting the surplus tonnage on the east coast of South America (ECSA) and supporting freight rates.
Russian spring grain planting slowed down at the final stretch, progressing another 5.7 percentage points to 93.7% complete in the week to Tuesday June 11, according to agriculture ministry data.
Turkish state-owned grains agency TMO has set a minimum export price for durum wheat, an official document showed late on Tuesday June 11, confirming market chatter prior to the announcement.
The South Korean Flour Millers’ Association (Kofmia) has booked at least 50,000 tonnes of US-origin milling wheat for August 16-September 15 shipment, sources said on Tuesday June 11.
Egypt’s state-backed General Authority of Supply Commodities (GASC) has issued a fresh tender for optional origin milling wheat for August shipment, after wheat futures logged a sharp drop on Monday June 10
The Russian Union of Grain Exporters has called on Turkey to postpone the implementation of its wheat import ban in a letter seen by Fastmarkets on Friday June 7.
The Russian government has increased the wheat export tax, leaving the corn and barley tariff at zero for June 12-18 period, the country's Ministry of Agriculture reported on its website on Friday June 7.
There is less than a month left until the official start of the new 2024/25 season in Ukraine, and many questions and issues have been raised among the market participants worldwide about what to expect.
The Turkish government has announced measures to protect domestic agricultural producers, and will ban wheat imports between June 21 and October 15 this year, according to documents seen by Fastmarkets late on Thursday June 6.
Tunisia’s state grain importer Office des Cereales (ODC) has issued two fresh tenders looking for 75,000 tonnes of optional-origin feed barley and 50,000 tonnes of milling wheat for June-July shipment, sources told Fastmarkets on Thursday June 6.
South Korean buyers continued to shop for corn, with two major buyers picking up additional October arrival cargoes in private deals on Wednesday June 5, sources told Fastmarkets.
Dry bulk freight rates for Panamax vessels edged slightly lower in the week to Wednesday June 5, reaching two-month lows due to lukewarm demand for grains and oilseeds in South America and falling crude oil prices.
Algeria’s state-backed grain importing agency OAIC has purchased at least 840,000 tonnes of optional original wheat for August delivery, paying $279-279.50 per tonne on average, in a tender closed Tuesday June 4, sources told Fastmarkets.