Category: Prices

Bearish for prices: Socially significant “first price” food products in Russia fell 9.3% year-on-year in December 2025, with borscht vegetables down 28% and broad declines across grains and sugar. Margin pressure: Retailers sold seven key categories below cost, including sunflower oil at a -1.8% markup and deep losses on carrots and white cabbage, reflecting policy-driven…

Bullish: Black Sea sunflower oil and rapeseed rally on record-high benchmarks and firm vegetable oil complex. Bearish: Soybean meal and broader meal complex weaken on softer livestock feed demand. Sunflower Oil Surges to Record High Sunflower oil FOB Black Sea jumped $100.00/t on January 13, 2026, reaching $1,390.00/t versus $1,290.00/t in the prior session. This…

Exchange volumes doubled: Russian mineral fertilizer trading on the St. Petersburg Exchange jumped to 294,000 tons in 2025, up 101% from 146,000 tons in 2024. Ammonium nitrate leads demand: Ammonium nitrate accounts for more than one-third of exchange sales, with urea-ammoniac mixtures and nitrogen-phosphorus fertilizers following. Price caps unchanged: Maximum fertilizer prices remain fixed at…

Bullish: Global vegetable oils rallied, led by a record high in sunflower oil FOB Black Sea at $1,240/t and strong gains in palm and soybean oils. Bearish/Neutral: Soybean and rapeseed complexes showed weakness or mixed moves, with US soybeans, soybean meal, and MATIF rapeseed under pressure. Global Vegetable Oils Rally as Sunflower Oil FOB Black…

Bullish: Soybean oil and soybean meal prices strengthened across Brazil, the US, EU, and China, with Dalian China soybeans and FOB Brazil soybean oil posting the largest gains, signaling robust demand in the broader oilseed complex. Bearish: Sunflower oil FOB Black Sea and sunflower meal CIF France both declined, pointing to pressure on Black Sea…

Bearish: Russian soybean prices fell 9.8% month-on-month in November 2025 and are down 24.1% year-on-year amid weak processing demand. Bearish: Rapeseed prices slipped 0.5% on the month and 8.8% year-on-year, reflecting deteriorating margins in the crushing sector. Mixed: Sunflower seed prices rose 1.1% in November but remain 10.7% below year-ago levels, signaling only tentative support.…

Financing Secured: Cherkizovo launches a 1 billion ruble OTC bond at an effective rate of 16.7% to fund vertical integration and product improvements. Sector Momentum: Russian agricultural bond issuance reached 22 billion rubles in 2024, up 18% year-on-year, signaling strong capital market access. Grain Demand Supportive: Continued investment in Russia’s meat and livestock sector underpins…

Bullish: Black Sea sunflower oil hit a record $1,290/t on strong export demand, while US soy complex and several palm oil benchmarks posted weekly highs. Bearish: Rapeseed oil FOB Netherlands fell sharply and MATIF rapeseed hit a record low, highlighting weak European oil demand despite record-high rapeseed meal prices. Black Sea Sunflower Oil Leads Vegetable…

Grains Lead: Russian grain contracts dominate exchange trading with 4.4 million tons sold, reinforcing the country’s leadership in global wheat, corn, and barley markets. Diversifying Products: Oilseeds (1.3 million tons), sugar (1.2 million tons), and newly launched meat trading signal broader agricultural market formalization. Stronger Transparency: Mandatory OTC contract reporting and potential volume requirements aim…

Sunflower oil steady at highs: FOB Black Sea sunflower oil held at $1,260/t for Dec–Jan, with CIF Mumbai surging to a weekly peak, signaling firm import demand. Soy complex diverges by origin: Brazil FOB soybeans and soybean oil pushed to weekly highs, while US CBOT soybeans and soybean oil eased, underscoring shifting demand toward South…