Articles By Regina Koh
China imported 2.79 million tonnes of soybeans from the US in November, the highest since January, when imports were 3.33 million tonnes, data from the country’s General Administration of Customs (GACC) showed on Friday December 20.
South Korean feed importer Korea Feed Association (KFA) was back in the market for corn on Friday December 20, issuing a buy tender for March-arrival corn but passed on making any purchase, trade sources have told Fastmarkets.
Chinese state agencies held an auction for imported soybeans from the country’s reserves on Friday December 20, with 44,153 tonnes of soybeans were offered for sale and 28,120 tonnes traded, translating to a clearance rate of 63.7%, sources told Fastmarkets.
South Korean feed importers Major Feedmills Group (MFG) and Korea Feed Association (KFA) secured corn cargoes via private deals late on Thursday December 19.
South Korean feed importer Nonghyup Feed Inc (NOFI) concluded its tender for feed corn on Thursday December 19, picking up 136,000 tonnes of the grain for arrival in March 2025, sources told Fastmarkets, while Major Feedmills Group (MFG), also secured corn via a private deal.
Two South Korean flour millers have purchased a total of 86,800 tonnes of US-origin milling wheat of various grades in a tender that closed on Thursday December 19, sources told Fastmarkets.
China’s inventories of major vegetable oils – soybean, palm and rapeseed – saw a collective increase to 1.92 million tonnes in the week to Friday December 13, 10,000 tonnes week on week, with a rise in palm and rapeseed oil inventories outweighed the drop in soybean oil stocks, according to figures from the China National Grain and Oils Information Center (CNGOIC).
South Korean feed importer Nonghyup Feed Inc (NOFI) has issued a buy tender for up to 138,000 tonnes of corn for arrival in March, sources told Fastmarkets on Thursday December 19.
China imported an estimated 70,000 tonnes of wheat in November, according to data from the country’s General Administration of Customs (GACC) released on Wednesday December 18.
Chinese state agencies will hold an auction for imported soybeans on Friday December 20, where around 44,000 tonnes of soybeans will be offered for sale, according to a notification released by the National Grain Trade Center (NGTC) on Tuesday December 17.
China’s soybean crush volume in the week to Friday December 13 reached 1.87 million tonnes, according to figures from the China National Grain and Oils Information Centre (CNGOIC).
Malaysia’s palm oil exports fell to 618,434 tonnes in the first half of December - excluding shipments of used cooking oil (UCO), soft oil and coconut oil - according to data from cargo surveyor Intertek Testing Services (ITS).
Chinese state agencies held an auction for imported soybeans from the country’s reserves on Friday December 13, where 62,224 tonnes of soybeans were offered though no sales were concluded, trade sources have told Fastmarkets.
Chinese state agencies will hold an auction for imported soybeans on Friday December 13, with around 62,000 tonnes of soybeans on offer, according to an official notification from the National Grain Trade Center (NGTC) on Thursday.
India imported 1.59 million tonnes of edible vegetable oils in November, an increase of 12.4% or 175,691 tonnes from October, reaching a four-month high following a surge in imports of soft oils and amid post-festival season restocking, data released by the Solvent Extractors Association of India (SEA) on Thursday December 12 shows.
China’s inventories of soybean oil and palm oil continued to see a weekly decline in the week to Friday December 6, according to figures from the China National Grain and Oil Information Center (CNGOIC).
Chinese weekly soybean crush volumes in the week to Friday December 6 was estimated at 1.66 million tonnes, according to data from the China National Grain and Oils Information Centre (CNGOIC).
China’s Agriculture Outlook Committee (CAOC) has lowered its 2024/25 estimates for the country’s edible vegetable oil imports by 700,000 tonnes to 7.73 million tonnes from the previous month’s 8.43 million tonnes in its December update of the Chinese Agricultural Supply and Demand Estimates (CASDE) released on Tuesday December 10.
Malaysia’s palm oil stocks at the end of November were reported at 1.84 million tonnes, 2.6% lower than October’s 1.89 million tonnes, according to data released by the Malaysian Palm Oil Board (MPOB) on Tuesday December 10.
China’s soybean imports in November totaled 7.15 million tonnes, according to data released by the country’s General Administration of Customs (GACC) on Tuesday December 10.