Articles By Regina Koh
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.
South Korean feed importer Major Feedmill Group (MFG) has passed on its corn tender which concluded on Thursday September 12 without making any purchases, sources have told Fastmarkets.
China’s agriculture outlook committee (CAOC) has lowered its estimate for the country’s edible vegetable oil imports in 2023/24 while raising production and consumption forecasts for the same period, according to the latest monthly Chinese Agricultural Supply and Demand Estimates (CASDE) released on Thursday September 12.
Soybean oil imports into India rose by 16% in August from the prior month to 454,639 tonnes, marking the highest level since July 2022 when volumes reached 519,566 tonnes, data from industry group Solvent Extractors Association of India (SEA) released on Thursday September 12 shows.
Soybean oil stocks in China continued to see a gradual decline, with inventories as of Friday September 6 recorded at 1.09 million tonnes, according to data published by the China National Grain and Oil Information Center (CNGOIC) on Thursday September 12.
Chinese state agencies conducted an auction of imported soybeans on Wednesday September 11, with 255,956 tonnes of beans offered for sale and 78,689 tonnes sold, trade sources have told Fastmarkets.
China’s soybean crush volume for the week ended Friday September 6 rose by 7.8% from the previous week to 2.2 million tonnes, data from the China National Grain and Oils Information Center (CNGOIC) showed this week.
China’s soybean imports totaled 12.14 million tonnes in August, according to estimates released by the country’s General Administration of Customs (GACC) on Tuesday September 10.
Chinese state agencies will offer around 250,000 tonnes of imported soybeans for auction on Wednesday September 11, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday September 9.
China’s soybean crush volume in the week ended August 30 was unchanged from the previous week at 2.05 million tonnes, according to figures from the China National Grain & Oils Information Center (CNGOIC) published on Wednesday September 4.
Chinese state agencies conducted an auction for imported soybeans on Wednesday September 4, with 332,351 tonnes of beans offered for sale though zero sales were concluded, sources told Fastmarkets.
China will open a probe to consider anti-dumping measures on imports of Canadian canola (rapeseed), a representative of China’s trade ministry said in a note on Tuesday September 3. The move could have consequences for the global supply-and-demand balance in vegoils.
Taiwanese feed importer MFIG concluded an international buy tender for feed corn on Friday August 30, picking up around 65,000 tonnes of the grain for loading in October-November, sources have told Fastmarkets.
Indonesia has raised it crude palm oil (CPO) reference price for September to $839.53 per tonne, up from $820.11 per tonne in August, the country’s trade ministry announced in a circular issued on Friday August 30.
News that the Indonesian government is planning to adjust export levies for palm oil waste products, such as palm oil mill effluent (POME) and palm acid oil (PAO), has brought to the fore ongoing discussions on stricter controls being mulled on product exports that can play a significant part in biofuel production.
South Korean buyers continued their corn-buying spree, with the Busan unit of the Korean Feed Association (KFA) purchasing 68,000 tonnes of corn via a private deal late on Tuesday August 27, sources told Fastmarkets.
South Korean feed maker Major Feedmill Group (MFG) concluded its buy tender for corn on Friday August 23, picking up around 67,000 tonnes of the grain for December arrival, sources have told Fastmarkets.
South Korean feed importer Major Feedmill Group (MFG) is in the market for up to 70,000 tonnes of feed corn for December-arrival via a tender launched on Friday August 23, sources told Fastmarkets.
China’s soybean imports from Brazil reached 9.12 million tonnes in July, figures from the country’s customs agency (GACC) showed Tuesday August 20.
China’s corn imports in July rose by 18.5% from June to 1.09 million tonnes, estimates from the country’s General Administration of Customs (GACC) released on Sunday August 18 show.