Meals
Market News
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The Russian wheat crop harvest was 72% complete in the week to Friday September 6, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Monday September 9.
Speculators in US soybean, corn and wheat contracts slashed short positions in the week to Tuesday September 3, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 6.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The Brazilian Senate approved on Wednesday September 4 the “Fuels of the Future” bill that increases the mandatory blending of biodiesel in diesel and of ethanol in gasoline and creates national programs for green diesel, sustainable aviation fuel (SAF) and biomethane.
US soybean meal exports and sales both increased in the week ended August 29, figures from the USDA showed on Friday September 6.
Ukraine's weekly exports of oilseeds and sunflower meal fell in the week to Wednesday September 4, while sunflower oil export applications increased - despite limited domestic offers - and September sunflower oil exports fell to a minimum level, official data from the Ministry of Economy showed on Thursday.
Australian wheat exports picked up by 19% in July after a drop in June, led by significantly increased shipments into Indonesia and Yemen, while barley and canola flow dropped, according to monthly data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), published on Friday September 6.
Meals
Corporate News
The European Bank for Reconstruction and Development (EBRD) has announced a €60 million ($65 million) loan to Ukraine’s Lan Oil to finance the country’s first private biofuels venture since Russia launched its full-scale invasion in February 2022, according to a press release published on Wednesday June 12.
Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...
Wilmar International has confirmed one of its terminals was damaged in an "incident" and estimated that it will take up to six months to repair the facilities destroyed after a missile attack on the Ukrainian port of Pivdenny...
Russian president Vladimir Putin has signed a document that confirms his government has officially seized the assets of Russia-based company Agroterra, wresting control from the company's owner, US-headquartered investment company NCH Capital.
The Louis Dreyfus Company (LDC) reported a $60 million loss for 2023 amid the deconsolidation of its Russian business...
Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 2023 financial year...
China's average hog price dropped by 1.4% and 36.6% on the week and year last week, respectively...
China’s weekly soybean crush level dropped by almost 4% from the previous week to 1.7 million mt last week as many crushers continued to suspend operations due to a lack of soybeans...
Meals
Policy News
Russia's sunmeal export tariff increased to its highest level since April, after declining for four months. Meanwhile, its sunoil export tariff will remain zero for September, the first month of the 2024/25 oilseed marketing year, an update from the agriculture ministry showed on Sunday August 25.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The Ukrainian government has adopted a minimum export price policy resolution, but the policy may only come into force a few months later, Taras Vysotsky, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting late on Wednesday August 21.
To support local farmers amid rising inflation, the Turkish government, announced local quotas for sunflower seeds and sunflower oil, which will allow buyers of local products to benefit from a discount on import duties on the two, Turkey-based sources told Fastmarkets on Tuesday August 6.
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.
With the war in Ukraine ongoing, the government has started to implement measures to bring more people into the army, with a new law implemented from May 18 that all enlisted men are obligated to renew their data in the defense ministry system...
Russia’s Ministry of Agriculture cut its sunflower meal export duty again and kept its tariff for sunflower oil at zero for the month...
The European Commission (EC) on Friday March 22 proposed an increase in tariffs on imports of cereals, oilseeds and grain products into the EU from Russia and Belarus...