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At the tender in Egypt, the purchase price of sunflower oil increased, and soybean oil - decreased compared to previous auctions
10.05.2024
On May 9, the Egyptian GASC held an international tender for the purchase of 40,000 tons of vegetable oils with delivery on June 10-25 and June 26 - July 10 and payment within 180 days, where it planned to purchase 30,000 tons of soybean oil and 10,000 tons of sunflower oil. Compared to the previous tender on March 28, the number of offers, particularly soybean oil, increased and soybean oil offer prices decreased, while sunflower oil offer prices increased from $941-1,050/t...
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Purchase prices for grains in Ukraine on May 9, 2024
09.05.2024
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3200 Peas 13000 12500 Rye grade IV 4400 Sugar beet pulp gran 155 Green peas 11900 ...
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Corn prices fall in anticipation of USDA balance sheet update
09.05.2024
Lower oil prices and high planting rates in the US are adding pressure to corn prices, but they could be supported by weather in Brazil and harvest data in Argentina. On the eve of the USDA's May balance sheet, analysts publish their own forecasts. According to them, the estimate of the corn harvest for Argentina was reduced to 52.14 million tons, and for Brazil - to 122.4 million tons, while the USDA in April estimated them at 55 million tons and 124 million tons,...
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India has extended zero duty on the import of peas until October 24, which will boost supplies from Ukraine
09.05.2024
The Indian authorities have extended the zero duty on the import of peas until October 24, which will allow Ukraine to increase the export of the new crop and get a high price. From 2020 to December 2023, Ukraine did not export peas to India, as there was a 50% duty on the import of these products. After lowering the duty rate, Ukraine supplied 44,500 tons of peas to India. Experts believe that depending on the demand and prices for peas in India, the zero duty rate...
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Egypt's GASC bought a large batch of Russian wheat at a price of $23.2/t higher than in April
09.05.2024
The Egyptian GASC held an international tender for the purchase of flour wheat on May 8, where it purchased a large lot with payment in 270 days, but at a price higher than in previous auctions. The number of tender applications for Russian and French wheat increased, and the prices of offers increased by $20-38/t to the level of January 2024, but Ukrainian wheat did not participate in the tender. The following proposals were submitted to the tender (all with payment...
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Purchase prices for grains in Ukraine on May 8, 2024
08.05.2024
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3200 Peas 13000 12500 Rye grade IV 4400 Sugar beet pulp gran 155 Green peas 11900 ...
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Ukrainian processors raise the purchase prices for sunflower
08.05.2024
After the increase in export prices for sunflower oil and meal, domestic processors stepped up purchases of sunflower, which led to an increase in purchase prices, especially given the restraint of sales by producers. During the week, sunflower purchase prices increased by UAH 300-500/t to UAH 16,700-17,000/t (including VAT) with delivery to the plant, which is the highest level since March 2023. Processors pay a premium for large batches in order to accumulate volumes of raw...
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Vegetable oil prices remain under pressure from increased supply of soybean oil
08.05.2024
Vegetable oil prices have rebounded after falling last week, although they remain under pressure from a seasonal build-up in soybean and palm oil supplies, as well as a drop in oil prices. Despite oil prices falling 3.2% for the week, soybean oil in Chicago and palm oil in Malaysia rose between 2.2% and 3.2%, recovering from losses at the end of last week. July soybean oil futures in Chicago rose 3.2% this week to $980/t (-9% for the month) on news of a loss of 1-2...