Articles By Regina Koh

China’s soybean imports from Brazil in the first half of 2024 totaled 34.4 million tonnes, 16.1% higher than a year ago and a record high for the corresponding period, according to data from the country’s General Administration of Customs (GACC) released over the weekend.

China’s soyoil inventories were estimated at 1.06 million tonnes in the week ending July 12, or 40,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday July 18 showed.

China’s corn imports in June continued to fall for the sixth straight month, with estimates from the country’s General Administration of Customs (GACC) reported at 920,000 tonnes on Thursday July 18 – the lowest level seen since December 2022.

Malaysia has raised its crude palm oil (CPO) reference price for August to 3,880.86 ringgit ($829) per tonne, a slight increase from July’s 3,839.63 ringgit per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Thursday July 18.

China concluded an imported soybeans auction on Wednesday July 17 with a total of 233,406 tonnes sold out of the 547,614 tonnes offered, yielding a 42.6% clearance rate, sources told Fastmarkets.

China’s soybean crush volume in the week ended Friday July 12 rose from the previous week to 2.06 million tonnes, figures from the China National Grain and Oils Information Centre (CNGOIC) released this week showed.

Taiwanese feed importer MFIG concluded its buy tender for optional-origin corn on Wednesday July 17, picking up around 65,000 tonnes of the grain, sources told Fastmarkets.

Taiwanese feed buyer MFIG is in the market for up to 65,000 tonnes of optional-origin corn via a tender which closes on Wednesday July 17, sources told Fastmarkets.

South Korean feed importer Major Feedmill Group (MFG) concluded its buy tender for December-arrival corn without making any purchases, sources told Fastmarkets on Friday July 12.

China’s soybean imports rose to 11.11 million tonnes in June, up from May’s 10.22 million tonnes and 10.7% more than the level imported a year ago, figures released by the country’s General Administration of Customs (GACC) on Friday July 12 show.

South Korean feed importer Feed Leaders Committee (FLC) has picked up one cargo of feed wheat for October arrival via a private deal on Friday July 12, sources told Fastmarkets.

India’s edible vegetable oil imports in June rose by 2% from May to 1.53 million tonnes, data from the Solvent Extractors Association of India (SEA) released on Thursday July 11 showed.

South Korean feed importer Major Feedmilll Group (MFG) concluded its feed wheat tender on Thursday July 11, picking up one cargo of around 68,000 tonnes for October arrival, sources told Fastmarkets.

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.

South Korean feed importer Feed Leaders Committee (FLC) has purchased around 65,000 tonnes of corn for arrival around November 15 via a tender that concluded on Tuesday July 2, sources told Fastmarkets.

South Korean feed importer Feed Leaders Committee (FLC) concluded its buy tenders for feed wheat and corn on Friday June 28 without making any purchases, sources told Fastmarkets.

The USDA attaché in Malaysia has reduced its estimates for Malaysia’s crude palm oil (CPO) production for the October 2023 – September 2024 marketing year in its latest report released June 26, citing effects from the hot and dry El Niño weather event and labor limitations.

South Korean feed importer Korea Feed Association (KFA) picked up an additional corn cargo for November-arrival in a private deal late on Thursday June 27, sources told Fastmarkets.

South Korean feed importer Feed Leaders Committee (FLC) is in the market for up to 60,000 tonnes of feed wheat for arrival in either October or November via a tender issued Thursday June 27, sources told Fastmarkets.

South Korean corn importers continued their buying spree in the week to Thursday June 27, with a fourth importer Korea Feed Association (KFA) picking up one cargo in a tender which concluded on the same day, sources told Fastmarkets.