Category: Prices

Structural shift: NCE launches spot trading for Class 4 wheat (12.5% protein) at Novorossiysk starting January 19, 2026, using a bilateral anonymous auction format. Logistics split: Two separate order books for CPT Novorossiysk deliveries: rail (70-ton minimum) and truck (30-ton minimum) to three key terminals. Transparency boost: Platform aims to enhance price discovery and create…

Structural shift: NTB launches spot trading for 12.5% protein fourth-class wheat on a CPT Novorossiysk basis from January 19, 2026, with priority rail allocation for exchange trades. Logistics incentive: Separate order books with 70 t (rail) and 30 t (road) minimum lots aim to boost liquidity and address Black Sea transport bottlenecks. Oilseed strength: Black…

Bearish sunflower oil: Black Sea sunflower oil FOB slipped $17.50/t to $1,222.50/t, hitting the weekly low and signaling softer short‑term fundamentals. Sharp rapeseed oil correction: Rapeseed oil FOB Netherlands dropped $45.32/t to $1,240.04/t, the steepest decline among major vegetable oils. Mixed vegoil complex: Soybean and rapeseed oils weakened across key origins, while palm oil and…

Bearish Black Sea sunflower oil: FOB Black Sea prices dropped $30/t day-on-day to $1,240/t, marking the sharpest daily decline among major vegetable oils. Regulatory clarity in Russia: FAS confirmed the 2026 VAT hike excludes socially important foods, which retain the 10% rate, limiting VAT-driven price increases. Mixed oilseed complex: Rapeseed oil and meal rallied to…

Producer prices fell: Russian food producer prices declined 0.7% month-on-month in November, reversing October’s 0.5% gain and signaling a short-term easing in cost pressures. Inflation still elevated: Despite the monthly drop, food producer prices are up 11.3% in 2024 versus 2% in 2023, with beverages up 11.2%, pointing to persistent inflationary pressure. Mixed sector dynamics:…

Neutral to Slightly Bearish: Additional 165,000 tons of annual sunflower crushing capacity in Kazakhstan could marginally pressure Black Sea vegetable oil and protein meal export demand over time. Structural Shift: New full-cycle processing complex in East Kazakhstan may redirect domestic sunflower flows away from export channels and encourage further regional crushing investments. Regional Competition: Locally…

Asset Sale: St. Petersburg’s State Unitary Enterprise “Food Fund” is auctioning a complete unused Bühler AG milling complex with a starting price of RUB 1.57 billion. Capacity Addition: The complex offers 600 tons/day soft wheat and 300 tons/day rye processing capacity if commissioned by a buyer. Unused but Dated: All 950 units of Swiss-made equipment…

Bullish: Black Sea sunflower oil and Asian soybean oil led gains, with multiple vegetable oils reaching weekly or maximum price levels amid solid import demand. Bearish: US soybean complex (beans, meal, oil) and several meals hit minimum values, signaling pressure from global competition and possible soft feed demand. Global Vegetable Oil Market Update – December…

Reports indicate a decrease in the FAO Vegetable Oil Price Index. The global downturn suggests bearish pressure on Black Sea oilseed markets. Lower prices may weigh on crusher margins and farmer profitability but improve price competitiveness for Black Sea exports. FAO Vegetable Oil Price Index Shows Decline Global vegetable oil prices, measured by the FAO…

Bearish Black Sea sunoil: FOB Black Sea sunflower oil for December fell by $20/t to $1,185/t, weighing on the broader regional oilseed complex. Domestic oilseed pressure: Record Russian soybean (9.1 Mt) and rapeseed (6.1 Mt) harvests plus export duties are capping domestic prices despite some farmer holding. Limited upside for seeds: December sunflower seed prices…