Exports of Russian sunflower oil in the 2023/24 MY (September – August) may reach a record level. This is evidenced by data from a survey of market participants conducted by the OleoScope agency. Thus, according to estimates from the Efko Group, sunoil production in the current MY will be 7.3 mln tonnes, and 4.3 mln …
Continue reading “Russia set to achieve record sunflower oil export in 2023/24 MY”
According to the Ministry of Agriculture and Farmers’ Welfare, the production of maize during kharif and rabi seasons has been pegged at 32.47 mt against 35.36 last crop year. Pakistan has gained at India’s cost in the world corn (maize) market, particularly South-East Asia, as domestic prices are ruling higher than the global prices, exporters …
Continue reading “India pain is Pak gain in global Maize market as exports drop”
Rainfall last week and over the weekend favored central and northern areas with the heaviest amounts in Entre Rios and west central Buenos Aires. Rainfall this week is expected to favor south central and southeastern areas with heaviest amounts in northern Buenos Aires. Above normal temperatures are expected across northern Argentina. Soybeans in Argentina are …
Continue reading “2023/24 Argentina Soybeans Rated 29% Gd/Ex, Down 1%”
Brazil’s soybean harvest for the 2023/24 cycle had reached 55% of the planted area as of last Thursday, agribusiness consultancy AgRural said. The pace of harvesting slowed down, growing 7 percentage points from the previous week, as the harvest is now more concentrated in areas that were planted late. The figure was also above the …
Continue reading “Brazil soybean harvest hits 55%, says AgRural”
KUALA LUMPUR (March 12): Plantation analysts expect a further decline in palm oil inventory in the coming months — after hitting a seven-month low in February — which will support the high average selling price of crude palm oil (CPO) in the face of tight supply, driven by reduced buying activities post-Chinese New Year and …
Continue reading “Lower palm oil inventory in coming months to support high CPO prices-Analysts”
PETALING JAYA: The weak palm oil harvest for February is neutral for the market given it was seasonally a low production season. However, Hong Leong Investment Bank (HLIB) Research believes the stockpile will resume its uptrend from March as production will likely pick up although exports may remain weak on the back of weak price …
The new estimate for Brazil’s soybean production is down 5% from the 154.6 million mt record crop harvested in 2022/23 and a 4.5% decline from the initial 162 million mt forecast. However, it remains the second-biggest crop in history. The decline reflects low rainfall and above-average temperatures all over producing regions, “but in late sowing areas, …
Continue reading “Brazil soybean output slashed to 146.9 million mt: Conab”
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