Meals
Market News
The area under oilseeds in Ukraine and Russia might grow by 11% year on year to 29.1 million hectares in 2025 due to an increase in the area under sunflower in the two countries, while expectations for the distribution of soybean and rapeseed crops were varied, according to Ukrainian analysts and Russian media.
The Grain Industry of Western Australia (GIWA) forecast for Western Australia wheat production was revised up by 1.6 million tonnes to 12.45 million tonnes, an increase of 63% or 4.8 million tonnes from the its estimate for the 2023/24 marketing year, according to its final 2024/25 marketing year report published on February 14.
Canada’s weekly grain exports edged lower in the week to Sunday February 9, with declines in durum and wheat offsetting increases in barley and canola shipments, according to the latest data published by the Canadian Grain Commission on Friday February 14.
Temperatures across key agricultural regions in the United States are forecast to plunge well below average during the week beginning Thursday February 13, posing significant risks to winter wheat and barley crops — particularly in areas lacking adequate snow cover for insulation.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Brazilian food agency Conab has increased its estimate for the country’s total corn crop by 2.1%, to 122 million tonnes, while slightly cutting its projection for the country’s 2024/25 soybean output by 0.2%, to 166 million tonnes, its monthly report showed on Thursday February 13.
Ukrainian exports of sunflower meal and soybeans increased in the week to Wednesday February 12, while sunflower oil exports decreased, according to data from the country’s Ministry of Agrarian Policy published on Thursday February 13.
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 export duty on sunflower oil reached another all-time high for February, increasing by 11.6% from January, while the export duty on sunflower meal decreased by 18% month on month, according to an update from the country’s Ministry of Agriculture on Friday January 24.
The Turkish government is to further reduce import duties on sunflower seeds from the start of 2025 to bolster support local farmers, according to an announcement in the Official Gazette of the Republic of Turkey.
The Ukrainian government has released the minimum export prices for a list of agricultural goods in an official document from the country’s Ministry of Agrarian Policy and Food seen by Fastmarkets on Monday November 11.
Russia’s sunflower oil export duty has risen above zero for the first time in 18 months, while the sunflower meal export duty has reached its highest since April 2024, according to an update from the country’s Agriculture Ministry on Friday October 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.
India is targeting to boost its domestic edible oil production to 25.45 million tonnes by 2030/31, following the approval of the National Mission on Edible Oils and Oilseeds (NMEO-Oilseeds), the government said in a statement issued in the late evening on Thursday October 3.
Russia’s sunflower meal export duty has risen to another record high for the period since April this year, but sunflower oil export duty will remain at nil in October of the 2024/25 season, which started on September 1, according to an update from the country’s Agriculture Ministry on Wednesday September 25.
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.