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Russia’s Subcommittee on Customs-Tariff and Non-Tariff Regulation, Protective Measures in Foreign Trade approved the extension of the current duties on sunflower seeds and soybeans, but canceled the ban on rapeseed, replacing it with a duty, and extended the duties on sunflower oil and sunflower meal, according to local media reports.
Ukraine’s farmers have reached a landmark stage of the season in the week to Thursday August 15, finishing the harvest of the early group of grains and starting the harvest of sunflowers and soybeans, according to government data.
Forecasts of rain in the prime growing regions of China, Australia and Germany will be a major focus of attention among market participants around the globe this week, as well the prospect of frost in Argentina that could damage wheat, Fastmarkets heard on Thursday August 15.
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.
Ukraine’s export volumes of oilseeds and their processed products decreased in the week ended August 14, taking into account seasonal factors and lower offers from sellers, according to official data published on Thursday August 15.
Sunflower harvesting in the Black Sea countries has started earlier than usual, and the first cuts give reason to believe that the sunflower harvest will be poor and its quality low, market sources said.
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’s edible vegetable oil imports in July 2024 came to a total of 1.84 million tonnes, 20.5% higher compared with June and the highest level since August 2023, according to figures from industry body Solvent Extractors Association (SEA) India, published on Wednesday August 14.
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.
Weekly soybean imports into the EU totaled 55,356 tonnes in the week ended Sunday August 11, according to initial data from the European Commission released on Tuesday August 13.
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 reached 56% complete out of the 29.8 million hectares planned for the 2024/25 campaign in the week ended August 9, according to data seen by Fastmarkets on Monday August 12.
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.
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.
Forecasts of rain will be a key factor to watch for market participants around the globe this week, as well as low temperatures and potential frosts in South America, Fastmarkets heard on Thursday August 8.
The July sunflower crush in Ukraine fell by 10.0-10.5%, to the lowest level in the last nine months — but nevertheless exceeded expectations — because sunflower stocks were low and some plants stopped processing, while the rapeseed crush in the first month of the 2024/25 season was lower than expected due to high prices, market sources told Fastmarkets.
Ukrainian weekly rapeseed exports jumped in the first week of August, with soybean and sunflower meal exports also showing gains in the week ending August 7, while sunflower oil exports continued to decline, official data showed on Thursday August 8.
One of the plants of the Kernel company, based in Western Ukraine, was damaged by a Russian drone strike on the night of Wednesday August 7.
Egypt’s state importer bought 36,600 tonnes of sunflower oil in an international tender closed on Wednesday August 7 and skipped purchasing soybean oil in a separate tender due to high prices.
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.