Author: Viktoriia Ray
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Kazakhstan Feed Meal Exports Hit Record; China to Fast-Track
Kazakhstan is pushing China to fast-track approvals for new feed meal exporters to alleviate current bottlenecks. Feed meal exports to China reached a record 2.15 million tons in the first seven months of the current marketing year, up 120% year-on-year. China absorbs over 99% of Kazakhstan’s feed meal exports, underscoring Kazakhstan’s growing role as a…
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South Korea Feed Corn: FLC Buys 132,000t in May
South Korea’s FLC booked 132,000 tonnes of feed corn via a May 7 tender at around $268/tonne C&F for September arrival. Sucden and Mitsui will supply two shipments (65,000 t and 67,000 t), highlighting competitive global pricing with only marginal price differences. Neutral to bearish for Black Sea corn as “any origin” terms and tight…
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Ukrainian Wheat Bran Prices Slide at Black Sea Ports
Granulated wheat bran export prices at Ukrainian Black Sea ports have declined since the start of the week amid weaker buying interest. Turkish CIF Marmara bids fell in parallel by about USD 5/tonne, now quoted around USD 225–235/tonne. Softening demand from key importers is pressuring prices and signaling broader weakness in the regional feed sector.…
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South Korea Soybean Meal: 50,000t Bought from COFCO
South Korea’s MFG booked 50,000 tons of soybean meal via an international tender on May 7, 2024, securing 83% of its initial 60,000-ton target. COFCO won the full volume at a price of $414.79 per ton C&F, with delivery to South Korea scheduled in a single shipment by August 3, 2024. South American origin is…
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Ukraine Soybean and Rapeseed Exports Remain Stable
Preferential exports steady: Nearly 2 million tons of soybeans and rapeseed shipped since September 2025 under Ukraine’s preferential regime, generating UAH 3.5 billion in transactions. Seasonal slowdown: April exports declined in line with the typical end-of-marketing-year pattern, with rapeseed export activity expected to pick up again from July. Fiscal contribution: The program delivered UAH 1.8…
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Iraq Wheat Purchase Price: $534/MT for 2025/26
Domestic support: Iraq set a wheat procurement price of about $534/MT under the national agricultural plan and $381/MT for out-of-plan purchases for the 2025/26 marketing year. Yield thresholds: New yield standards by irrigation type (9,000 kg/ha modern, 7,500 kg/ha conventional, 3,000 kg/ha rainfed) will influence farmer eligibility for government procurement. Seed investment: The government will…
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Algeria Wheat Tender: 400k Tons from Black Sea
Significant volume secured: Algeria’s OAIC purchased 390,000–420,000 tons of milling wheat, ensuring short-term supply security. Black Sea dominance: Romania and Bulgaria supplied most of the volume, underscoring the region’s price competitiveness in North Africa. Supportive price range: Purchase levels at $268–$270/ton C&F align with firm international wheat values and sustained demand. Seasonal export tailwind: July…
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Ukrainian Wheat Prices Rise on Tight Farmer Supply
Prices Firming: New-crop milling wheat in Greater Odessa ports rose by USD 2-4/ton week-on-week as of May 6 on strong exporter demand. Grade 2 Strength: Grade 2 wheat bids reached USD 219-227/ton CPT port, outpacing Grade 3 and highlighting preference for higher quality. Farmer Reluctance: Limited farmer selling is tightening domestic supply, supporting a mildly…
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Black Sea Sunflower Oil Gains as Palm Exports Fall
Palm oil exports to decline: Global palm oil export shipments are forecast to fall by 2 million tonnes to 24.2 million tonnes in April–September 2026. Black Sea sunflower oil to gain: Russian, Ukrainian, and Bulgarian sunflower oil is expected to capture displaced demand alongside other vegetable oils. Export leaders under pressure: Indonesia, Malaysia, and Thailand’s…
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Brazil Corn Forecast Rises, Pressures Black Sea Corn
Bearish corn outlook for Black Sea exporters: Brazil’s upgraded 2025/26 corn forecast to 137 mln t signals stronger export competition and potential pressure on Ukrainian and Russian FOB premiums. Higher Brazilian soybean output: Soybean production raised to 181.6 mln t on better yields and expanded acreage in Rio Grande do Sul, reinforcing Brazil’s dominance in…