Articles By Tim Worledge
Market sources in the European delivered palm oil market have reacted cautiously to the news that the EU has backed down on proposed timelines to implement more stringent requirements on deforestation, Fastmarkets heard on Wednesday October 2.
A Bulgaria-based agricultural analytics company has warned that Bulgaria and Romania, the biggest grains producers in the EU’s Black Sea region, will show significant reductions in corn and sunflower production in 2024 after prolonged hot, dry weather.
A minister in the Indian government has approved the import of as much as 200,000 tonnes of duty-free corn following a meeting with representatives of the poultry sector in the country’s Andhra Pradesh state, trade and media sources reported on Wednesday September 25.
Malaysia-based palm oil producer SD Guthrie International (SDGI) has confirmed the arrival of its first shipments of 40,250 tonnes of palm oil that meet the requirements of the new EU Deforestation Regulation (EUDR), according to a press release published on Thursday September 19.
The Agricultural Market Information System (AMIS) released its quarterly snapshot of major agricultural commodities on Friday, marginally pushing up its estimate for global wheat and soybean production while trimming its corn outlook.
Egypt’s government importing agency has issued a rare tender to buy a fixed 3.8 million tonne volume of milling wheat for delivery over several months, sources told Fastmarkets on Tuesday August 8.
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The international oil major BP has unveiled a $2.76 billion profit across its energy portfolio in the second quarter of 2024, a 6.4% increase on the corresponding period of 2023 and 1.2% higher than its first-quarter profits.
South Korean feedmaking association Major Feedmills Group (MFG) has tendered and bought a 60,000 tonne cargo of South American soymeal, sources have told Fastmarkets Friday, July 26.
The Taiwan Flour Mills Association (TFMA) has issued a buy tender looking to secure two cargoes of US wheat for shipment in October, trade sources told Fastmarkets on Friday July 26.
The European Commission has confirmed that it has referred Belgium to the European Union’s Court of Justice after “failing to take sufficient action on nitrate pollution in the Flemish region,” according to a statement released on Thursday July 25.
Stakeholders in India’s agriculture and food complex need to consider seriously the role of genetic modification (GM) in boosting the country’s production of oilseeds to meet mounting demand, delegates at the Vegoils Visions 2030 conference have been told.
Egypt’s state-backed grains importing agency, General Authority for Supply Commodities (GASC), has tendered to buy wheat on an FOB basis, with offers received so far believed to be dominated by Russian origins, trade sources told Fastmarkets on Tuesday July 16.
South Korea’s flour millers’ association KOFMIA has bought 86,000 tonnes of North American wheat but has passed on another 40,000 tonnes, trade sources told Fastmarkets on Wednesday July 10.
Germany’s vegetable oil trade group UFOP warned that current global rapeseed production forecasts suggest there will not be enough of the oilseed available to meet demand and pushed for more planting in 2025 in a press release published on Thursday July 4.
The United Nations’ Agricultural Market Information Service (AMIS) increased both its global corn and wheat output forecasts and marginally reduced its soybean production outlook in its July update, released on Thursday July 4.
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.
US wheat net sales in the week ending June 13 sailed past analysts' expectations to land at 589,700 tonnes, with Asian destinations dominating the buying, weekly data from the USDA showed on Friday June 21.
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.
Egypt’s state-backed General Authority for Supply Commodities (GASC) has awarded a buy tender of soybean oil to the trading arm of South Korean conglomerate Posco.