Demand for palm oil has been increasing as its discount to soyoil and sunoil has grown, driven by the recent price rise in rival oils due to production concerns in the U.S. and supply disruptions from the Black Sea region, industry officials said. This surge in demand is expected to assist...
Some 15,000 tonnes of grains were damaged when a blast ripped through grain silos near the port of Derince in northwest Turkey on Monday, the presidency’s communications directorate said. The blast took place due to wheat dust compression during the transfer of wheat from a ship to the silos,...
Chicago soybean and corn futures lost more ground on Tuesday with improved condition of both crops in the U.S. Midwest and forecasts of beneficial weather weighing on prices. Wheat prices slid 1%, giving up some of the last session’s gains which were triggered by concerns over Black Sea supplies....
https://www.hellenicshippingnews.com/soybeans-corn-down-on-improved-us-crop-condition-wheat-falls/
Malaysia’s palm oil inventories at the end of July likely rose to a five-month peak as higher production offset an increase in exports, a Reuters survey showed on Friday. Stockpiles were seen higher for a third consecutive month, expanding 4.2% from June to 1.79 million metric tons, according to...
Rain pelted swathes of China’s biggest grain producing province on Friday, submerging farms and worsening floods that have already swamped cities around the country as rescue workers scramble to contain the havoc caused by Typhoon Doksuri. Northeastern Heilongjiang, known as China’s “great northern...
The United States would continue to do “whatever is necessary” to ensure Russia can freely export food if there was a revival of a deal allowing the safe Black Sea export of Ukrainian grain, U.S. Secretary of State Antony Blinken said on Thursday. Russia last month quit the July 2022 deal brokered...
Chicago wheat rose more than 2% on Monday, extending gains from the previous session amid global supply concerns spurred by an escalation of tensions in the Black Sea after last week’s Ukrainian drone attack near a Russian export hub. Expectations of demand from India also underpinned wheat prices...
https://www.hellenicshippingnews.com/u-s-wheat-climbs-more-than-2-as-black-sea-tensions-in-focus/
China says it will drop its tariffs on Australian barley imports that had been in place for three years and affected billions of dollars of trade. Australia’s Prime Minister Anthony Albanese welcomed the move. Canberra also said it will suspend its case at the World Trade Organization (WTO) over...
https://www.hellenicshippingnews.com/china-drops-australia-barley-tariffs-after-three-years/
Malaysian palm oil futures ended higher on Friday, but clocked a second weekly loss as forecast of higher production and inventories weighed on sentiment. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange closed up 41 ringgit, or 1.07%, at 3,865...
Warm, dry weather over the last week allowed Argentine farmers to resume their wheat planting in previously muddied fields in the south of the country’s core agricultural area, the Buenos Aires Grain Exchange said Thursday in its weekly crop report. Argentina is a major world exporter of wheat and...
https://www.hellenicshippingnews.com/argentinas-wheat-fields-get-boost-from-warm-dry-winter-weather/