Meals
Market News
Canada’s grain and oilseed exports totaled 748,000 tonnes in the week to Sunday December 29, a down by 566,000 tonnes, or 43%, from the 1,314,000 tonnes shipped in the previous week, according to data from the Canadian Grain Commission published on Friday January 3.
Dry conditions are set to dominate the US Midwest in the week beginning Thursday January 2, raising concerns about winter wheat crops in this critical overwintering period.
Ukrainian exports of sunflower oil and sunflower meal declined during the week to January 1, while soybean and rapeseed exports increased, according to data released by Ukraine’s Ministry of Agrarian Policy on Thursday January 2.
China’s combined inventories of three major vegoils – soybean oil, palm oil and rapeseed oil – rose marginally in the week to Friday December 27, according to figures from the country's National Grain and Oils Information Center (CNGOIC)
India has bought more than 80,000 tonnes of soyoil from South America and the United States in the last days of 2024 amid a drop in soyoil prices that widened the gap with competing oils in India, sources told Fastmarkets.
Chinese crushers processed a total of 2.08 million tonnes of soybeans in the week to Friday December 27, an increase of 210,000 tonnes from the previous week’s 1.87 million tonnes, according to figures from the China National Grain and Oils Information Centre (CNGOIC).
Speculators in the US corn and soybean markets shed short positions in the week to Tuesday December 24, while bolstering short positions in the country’s three wheat contracts, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 30.
The USDA attaché in Brazil increased its estimate for the country's 2024/25 soybean crop to a record 165 million tonnes, up by 4 million tonnes from the previous estimate, with exports estimated at a record soybean 105 million tonnes in 2025, while increasing production estimates, a report showed late on Friday December 27.
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
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.
Russia's sunmeal export tariff increased to its highest level since April, after declining for four months. Meanwhile, its sunoil export tariff will remain zero for September, the first month of the 2024/25 oilseed marketing year, an update from the agriculture ministry showed on Sunday August 25.