Oil Seeds Archives

Oil Seeds

Rising Prices in Commodity Markets Amid Drought Concerns

Posted on 26. September 2023

The week started with a price rise in the commodity markets where drought concerns are on the agenda, with the exception of rapeseed, which fell both overseas and in Europe. […]

Prices for Sunflower in Ukraine Began to Rise

Posted on 26. September 2023

According to APK-Inform, demand prices for sunflower in Ukraine began to rise gradually at the end of the previous week. However, low trading activity may lead to another drop in […]

EU agrees €50 billion loan for Ukraine, which will support Hryvnia exchange rate EU leaders have agreed to provide 50 billion euros in macro-financial assistance to Ukraine, European Council President Charles Michel said. "The decision, supported by all 27 EU member states, will ensure stable, long-term and predictable financing for Ukraine. The EU, aware of what is at stake, is taking the lead and responsibility in supporting Ukraine," Michel stressed. In 2024, Ukraine will need to attract $37-40 billion in external financing, part of which will be EU assistance. US aid would be very important, the decision on which the Trump-controlled Republicans are delaying to use as an argument in the US presidential election. In January, the revenues of the state budget of Ukraine amounted to UAH 154.9 billion, of which UAH 140.6 billion were internal revenues and UAH 14.6 billion were external revenues, mainly taxes: Taxes - UAH 60.2 bn, customs - UAH 47.3 bn, OVDP - UAH 32.8 billion, international assistance - $0.4 billion (UAH 14.6 billion). The work of the economy (without debts and grants) brought UAH 107.5 billion to the budget, which is a good indicator for peacetime, but now it is a very weak result, as similar volumes remain in the shadows. In January, compared to December, the National Bank reduced the volume of interbank currency sales by 28.7%, from $3.553 billion to $2.533 billion. According to the Ministry of Finance of Ukraine, the state and state-guaranteed debt has doubled since the beginning of the war, reaching $145.3 billion or UAH 5,519.5 billion as of 31 December 2023. In 2023, the government debt grew by 35.4% in hryvnia, or 1,444 billion hryvnias, and by 30.4% in foreign currency, or $33.9 billion. The interbank rate of the dollar remained in the range of 37.5-37.6 UAH/$ this week. Experts believe that the receipt of US and EU aid will allow the hryvnia to remain at the level of 37.5-38 UAH/$, otherwise the exchange rate may rise.

EU countries and Ukraine Will Meet to Solve the Grain Problem

Posted on 25. September 2023

A meeting of the Coordination Platform for the Export of Ukrainian Grain, consisting of Ukraine, five neighboring countries and other EU member states interested in solving the grain problem, will […]

China Imported More Than 5 Million Tonnes of Canola

Posted on 25. September 2023

China imported about 5.1 million tonnes of canola in the 2022/23 season, although back in January this year analysts of the US Department of Agriculture (USDA) claimed that the supply […]

Sunflower Oil Market Facing Challenges Amid Ukraine’s Export Disruptions

Posted on 25. September 2023

Supply Disruptions from Ukraine In August 2023, the Indian Vegetable Oil Producers Association (IVPA) convened a two-day seminar in New Delhi, where experts discussed the growing concerns in the global […]

Chinese Sunflower Seeds Unstable Prices Amidst Harvesting Season - Australia Will Again Harvest a Record Sunflower Crop

Chinese Sunflower Seeds: Unstable Prices in Harvest Season

Posted on 22. September 2023

TIANJIN: According to the feedback from traders in the production areas, Chinese sunflower seeds in Northwest and Inner Mongolia are being harvested one after another. The current market price is […]

Rain Showers Bless Groundnut Crops: A Bountiful Harvest Expected

Posted on 22. September 2023

Groundnut crops in Gujarat and Rajasthan have received a blessing from the heavens through abundant rainfall. This boon is expected to boost groundnut production in Gujarat alone by a staggering […]

Palm Oil Prices Surge in Malaysia, India Shifts Preference to Soybean and Sunflower Oil

EU Oilseeds Crushing Increased in August – FEDIOL

Posted on 21. September 2023

The European Association of Vegetable Oil Producers (FEDIOL) has calculated that in August 2023, EU oilseeds extraction plants processed almost 3.26 million tons of oilseeds (+0.03 million tons compared to […]

Sesame Seed Tender and Low Crop Expectations Affect Prices

Posted on 21. September 2023

In the world of sesame seeds, a recent tender announcement from South Korea has raised eyebrows. Instead of the expected 8,000 to 10,000 tons, the tender is only for 1,800 […]

Brazilian soybean Brazil Flag Covered with soybean export harvest Anec: Brazil Exports 13.1 Million Tons of Soybeans in June - Soybean Planting in Brazil Lags Behind Last Year’s Pace

Brazil’s Soybean Surge: Record Production, Export Boom, and Growing Competition

Posted on 21. September 2023

In the heart of Latin America, Brazil’s Federal Agricultural Agency, Conav, has unfurled a tale of soybean abundance in its latest monthly report. The numbers dance to the rhythm of […]

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