Articles By Tim Worledge
An EU effort to impose new rules on deforestation may be forcing a change in the way palm oil and palm products trade in Rotterdam, Europe’s primary production and logistic hubs, trade sources told Fastmarkets on Friday January 10.
South Korean feed-making association Major Feedmills Group (MFG) has bought two cargoes of corn after closing out an international buy tender, trade sources told Fastmarkets on Friday January 10.
Net sales of US soybean meal surpassed analysts' expectations in the week to December 19, according to data released by the USDA on Friday December 27.
High palm oil stocks in key importing countries, relatively high prices of palm products versus other vegetable oils and uncertainty around European legislation all brought downward pressure to palm oil freight rates in 2024, as soft demand weighed on freight movements.
Turkey’s minister of trade Omer Bolat announced to industry representatives on Friday December 20 that the government plans to raise the quota for imported wheat in flour production from 15% to 25%, trade sources told Fastmarkets.
Weekly net sales data from the USDA has revealed a 29% week-on-week drop in 2024/25 corn sales, with just over 1 million tonnes registered in the week to November 21, according to delayed data released on Friday November 29, 2024.
Turkey’s state-backed grain storage and supply agency TMO has issued a second, rare export tender, this time for durum wheat, according to documents seen by Fastmarkets on Thursday November 28.
Fastmarkets has corrected select forward price months for AG-CRN-0051 Corn CIF Vietnam c$/bu, which were published incorrectly on Thursday November 14.
Turkey’s state-backed grains agency TMO has announced a rare export sell tender for up to 150,000 tonnes of feed barley, according to documents released on Friday November 22 and seen by Fastmarkets.
South Korean feedmaking association Major Feedmills Group (MFG) has bought up to 70,000 tonnes of North or South American corn privately, trade sources told Fastmarkets on Thursday November 21.
US soybean net sales fell by 24% week on week to 1.5 million tonnes, but the export pace was stable, weekly data from the US Department of Agriculture showed on Friday November 15.
South Korean feed making association Major Feedmills Group (MFG) has secured 67,000 tonnes of US corn and 67,000 tonnes of South American corn after settling its latest buy tender, trade sources told Fastmarkets on Friday November 15.
Mixed levels of readiness among European member states may hinder the implementation of the European Union Deforestation Regulation (EUDR), according to speakers at the Indonesian Palm Oil Conference (IPOC) 2024, held in Bali last week.
The first indications for crude palm oil (CPO) cargoes for loading in 2025 have been heard discussed in the key Rotterdam delivery market, with traders showing increased signs of getting back to work after European deforestation rules were shelved in September.
Confirmation from the European Council that it has signed off on a proposed delay to the European Union’s Deforestation Regulation (EUDR) has brought the first signs of physical palm product trade levels, trade sources have told Fastmarkets on Wednesday October 16.
India’s corn consumption could spike in 2025 amid expectations that the government may hike its ethanol mandate and force increased use of the grain, trade sources told Fastmarkets in the week to Friday October 11.
Market sources in the European delivered palm oil market have reacted cautiously to the news that the EU has backed down on proposed timelines to implement more stringent requirements on deforestation, Fastmarkets heard on Wednesday October 2.
A Bulgaria-based agricultural analytics company has warned that Bulgaria and Romania, the biggest grains producers in the EU’s Black Sea region, will show significant reductions in corn and sunflower production in 2024 after prolonged hot, dry weather.
A minister in the Indian government has approved the import of as much as 200,000 tonnes of duty-free corn following a meeting with representatives of the poultry sector in the country’s Andhra Pradesh state, trade and media sources reported on Wednesday September 25.
Malaysia-based palm oil producer SD Guthrie International (SDGI) has confirmed the arrival of its first shipments of 40,250 tonnes of palm oil that meet the requirements of the new EU Deforestation Regulation (EUDR), according to a press release published on Thursday September 19.