News&Events
16.06.2024
Egypt issued a tender for the purchase of vegetable oils
According to trade sources, the Egyptian state buyer GASC has issued tender to purchase 10 KMT of sunflower oil and 30 KMT of soybean oil.
More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants –
AgriSupp by UkrAgroConsult.
The vegetable oils are to be delivered on July 20 – August 5, 2024 and on August 15-31, 2024.
The deadline for bidding is June 13, 2024.
As a reminder, Egypt bought 102 KMT of vegetable oil in the previous tender held on May 9, 2024.
More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants –
AgriSupp by UkrAgroConsult.
SOFIA/KYIV. In Ukraine the area sown with sunflower seeds has fallen short of initial expectations. Declines are anticipated in Russia and Coceral has issued revised EU crop estimates.
Ukraine misses target
According to the Ministry of Agrarian Policy and Food of Ukraine's preliminary estimate the area sown with sunflower seeds has only reached 5.19 million ha, which is down on the intitially anticipated 5.30 million ha. In Russia ProZerno reckons that production will drop by 8% to 15.80 million mt. Issue is that the area sown has declined from 9.90 million ha to 9.70 million ha and that yields will be lower due to adverse weather conditions.
Ukraine misses target
According to the Ministry of Agrarian Policy and Food of Ukraine's preliminary estimate the area sown with sunflower seeds has only reached 5.19 million ha, which is down on the intitially anticipated 5.30 million ha. In Russia ProZerno reckons that production will drop by 8% to 15.80 million mt. Issue is that the area sown has declined from 9.90 million ha to 9.70 million ha and that yields will be lower due to adverse weather conditions.
15.06.2024
Edible oil prices rise 15% in a month
Kolkata: Cooking oil prices have risen up to 15% in the last one month, potentially causing worry for the Modi government to rein in food inflation as it starts its third term.
Emami Agrotech, and Sunvin Group said while disruption in soyabean oil supplies from Argentina and Brazil is driving prices higher, mustard oil prices
have risen as National Agricultural Cooperative Marketing Federation of India (NAFED) and Haryana State Co-operative Supply and Marketing...
Emami Agrotech, and Sunvin Group said while disruption in soyabean oil supplies from Argentina and Brazil is driving prices higher, mustard oil prices
have risen as National Agricultural Cooperative Marketing Federation of India (NAFED) and Haryana State Co-operative Supply and Marketing...
15.06.2024
Russian Sunflower Oil Displaces Ukrainian Oil in the Markets of India and China
Russian oil has started to significantly dominate the key market for Ukrainian oil – the Indian market. This was reported by Andriy Kupchenko, head of business projects at IA "APK-Inform," at the third international fat-and-oil conference "FOC 2024: Fats and Oils Conference," held on June 7 in Almaty.
"Since 2022, the global market has been witnessing a redistribution of sunflower oil flows, directly related to logistical constraints in Ukraine. In the current season, Ukrainian sunflower oil exports to India have decreased by 24%, while exports of Russian product in this direction have increased almost threefold," the expert noted.
Another market where Russian oil has become dominant is the Chinese market. According to A. Kupchenko, since the beginning of the current season, Ukrainian sunflower oil exports to this market have decreased by 70%, although shipments of Russian oil have also declined (by about 40%).
"Since 2022, the global market has been witnessing a redistribution of sunflower oil flows, directly related to logistical constraints in Ukraine. In the current season, Ukrainian sunflower oil exports to India have decreased by 24%, while exports of Russian product in this direction have increased almost threefold," the expert noted.
Another market where Russian oil has become dominant is the Chinese market. According to A. Kupchenko, since the beginning of the current season, Ukrainian sunflower oil exports to this market have decreased by 70%, although shipments of Russian oil have also declined (by about 40%).
15.06.2024
Wheat stocks in Kazakhstan are almost 5% lower than last year
As of June 1, 2024, Kazakhstan had 6.33 mln tonnes of wheat available. This is down almost 5% compared to the same period of the previous year (6.64 mln tonnes), APK-Inform reported, citing the official statistics.
The Bureau of National Statistics specifies that about 4.77 mln tonnes of the total wheat volume is food wheat, 1.01 mln tonnes - feed wheat and about 539 thsd tonnes - seed wheat.
Also, as of the specified date, there were 1.02 mln tonnes of barley available (against 1.01 mln tonnes as of June 1, 2023).
In addition, the corn stocks amounted to about 107 thsd tonnes (against 97 thsd tonnes as of June 1, 2023).
In general, as of June 1, this year, Kazakhstan had 7.84 mln tonnes of grains and pulses (against 8.07 mln tonnes as of the same date in 2023).
The Bureau of National Statistics specifies that about 4.77 mln tonnes of the total wheat volume is food wheat, 1.01 mln tonnes - feed wheat and about 539 thsd tonnes - seed wheat.
Also, as of the specified date, there were 1.02 mln tonnes of barley available (against 1.01 mln tonnes as of June 1, 2023).
In addition, the corn stocks amounted to about 107 thsd tonnes (against 97 thsd tonnes as of June 1, 2023).
In general, as of June 1, this year, Kazakhstan had 7.84 mln tonnes of grains and pulses (against 8.07 mln tonnes as of the same date in 2023).
14.06.2024
Grains and oilseeds: USDA refuses to comply with expectations
BRUSSELS. Few surprises were in store for wheat in the recent WASDE report. With regards to corn and soybeans the report, however, failed to comply with expectations. Production will range lower for rapeseed.
Frost damages slash Russia’s wheat output
Few surprises were in store for the market in the new WASDE report with the USDA cutting the estimate for global production from 798 million mt to 791 million mt. Sharp declines were witnessed in the revised estimate for Russia, which now ranges 5 million mt lower at 83 million mt, for Ukraine, which is 1 million mt lower at 19 million mt, and for the EU where estimates range 1 million mt lower at 130 million mt. Expectation is also that Russia’s wheat exports will decline by 4 million mt to 48 million mt and...
Frost damages slash Russia’s wheat output
Few surprises were in store for the market in the new WASDE report with the USDA cutting the estimate for global production from 798 million mt to 791 million mt. Sharp declines were witnessed in the revised estimate for Russia, which now ranges 5 million mt lower at 83 million mt, for Ukraine, which is 1 million mt lower at 19 million mt, and for the EU where estimates range 1 million mt lower at 130 million mt. Expectation is also that Russia’s wheat exports will decline by 4 million mt to 48 million mt and...
14.06.2024
Egypt contracted 100 KMT of vegetable oil
Egypt’s state buyer GASC purchased 102 KMT of vegetable oil in the international tender held on May 9, 2024.
More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply
and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult.
Start using analytical data and increase your efficiency now!
14.06.2024
India's May Palm oil imports jump 74 pc on rising demand
India's palm oil imports surged 74 per cent to 7,63,300 tonnes in May this year from 4,39,173 tonnes in the year-ago period, as the world's largest vegetable oil buyer stocked up the commodity to meet rising domestic demand, industry body Solvent Extractors Association
(SEA) said on Thursday. The total vegetable oil imports rose to 15.29 lakh tonnes in May this year from 10.58 lakh tonnes in May 2023, it added.
Palm oil constitutes a major part of imports.
Crude palm oil (CPO) imports rose to 5,32,555 tonnes in May this year from 3,48,118 tonnes in the year-ago period, while RBD Palmolein imports surged to 2,25,746 tonnes from 85,205 tonnes. However, Crude Palm Kernel Oil (CPKO) imports fell to 4,999 tonnes from 5,850 tonnes a year earlier.
Sunflower oil imports climbed to 4,10,727 tonnes from 2,95,206 tonnes, and soybean oil rose to 3,24,016 tonnes from 3,18,887 tonnes.
(SEA) said on Thursday. The total vegetable oil imports rose to 15.29 lakh tonnes in May this year from 10.58 lakh tonnes in May 2023, it added.
Palm oil constitutes a major part of imports.
Crude palm oil (CPO) imports rose to 5,32,555 tonnes in May this year from 3,48,118 tonnes in the year-ago period, while RBD Palmolein imports surged to 2,25,746 tonnes from 85,205 tonnes. However, Crude Palm Kernel Oil (CPKO) imports fell to 4,999 tonnes from 5,850 tonnes a year earlier.
Sunflower oil imports climbed to 4,10,727 tonnes from 2,95,206 tonnes, and soybean oil rose to 3,24,016 tonnes from 3,18,887 tonnes.