Prices for rapeseed and sunflower seed in the European Union are expected to fall in 2022/23 from high levels this season, curbed by bigger projected harvests and continuing imports from war-torn Ukraine, consultancy Strategie Grains said. Rapeseed futures on Euronext hit an all-time record this...
https://www.hellenicshippingnews.com/e-u-rapeseed-sunseed-prices-seen-falling-as-supply-improves/
Britain is providing technology to ensure that any wheat stolen from Ukraine by Russia does not make it to the global market, Britain’s environment minister George Eustice said on Monday. Russia’s Feb. 24 invasion of Ukraine and blockade of its Black Sea ports has prevented the country,...
Russian export prices for the new wheat crop, which farmers will start harvesting within days, fell last week due to good crop prospects and after a decline in Chicago and Paris prices, analysts said on Monday. Prices for the new wheat crop with 12.5% protein content and for supply from Black Sea...
https://www.hellenicshippingnews.com/russian-wheat-prices-down-with-approaching-harvest-pressure/
Two Chinese coal industry associations called on coal enterprises to increase production, make emergency supply guarantee plans, and “make every effort to ensure the safe and stable supply of coal” this summer, state media outlet Securities Times reported. Power consumption has surged in China this summer, particularly as heat waves scorch the region north of …
The post China coal industry groups call for stable supply over summer – state media first appeared on Hellenic Shipping News Worldwide.
The downward trajectory of global steel prices, for both flat and long products, continued in June. Most steel producers, worldwide, will go into the traditional summer period – a seasonally slow time of year – with a sense of trepidation that the bottom of the current price cycle has yet to be...
Chicago corn fell on Monday weighed by the prospect of improving weather in some producing regions. Wheat edged up, while soybeans dropped slightly. The most-active corn contract on the Chicago Board of Trade (CBOT) slid 1.53% to $7.38-3/4 a bushel. Chicago wheat rose 0.19% to $9.38-1/4 a bushel,...
https://www.hellenicshippingnews.com/chicago-corn-falls-on-improving-weather-prospects/
Poland and Ukraine are increasing this year’s production of thermal coal, the most polluting fossil fuel, preparing for colder months as Europe grapples with an energy security crisis exacerbated by the war in Ukraine. Thermal coal use as fuel for power plants will need to plummet if the world...
China is looking to set up an iron ore purchasing group by the end of 2022 and build distribution centers at ports, as domestic industry players seek more bargaining power in iron ore trade negotiations and supply security, industry sources said June 24. This development, if realized, will be in...
India is aiming to produce 140 million tonnes of coking coal per year by 2030, the coal ministry said in a statement on Saturday. The country produced 51.7 million tonnes of coking coal during the financial year 2021-22, it said. Source: Reuters (Reporting by Munsif Vengattil in New Delhi; Editing...
Our Markit Materials Price Index (MPI) declined 1.5% last week, returning the index to negative territory after two consecutive weeks of growth. The commodity sell-off was broad with nine out of ten subcomponents falling, reinforcing the general downward direction in commodity prices over the past...