Increased Global Sunflower Production According to recent forecasts from the United States Department of Agriculture (USDA), global production of oilseeds, including sunflowers, is set to grow by 7% in the 2023/24 season. This increase is primarily attributed to significant production booms in soybeans in South America and sunflowers in the European Union, Ukraine, and the … Read more
Increased Oilseed Supplies from Ukraine and Australia In the global commodities market, the law of supply and demand invariably holds sway. Recently, a significant surge in the delivery volumes of canola from Australia and sunflower from Ukraine to Europe has precipitated a dramatic drop in vegetable oil prices. According to the Australian Bureau of Statistics, … Read more
As global markets continue to adjust to changing conditions, the dynamics of vegetable oil prices have seen significant fluctuations. Recently, Egypt’s GASC (General Authority for Supply Commodities) has taken advantage of these shifts, securing sunflower and soybean oil at substantially reduced prices compared to just a few months ago. GASC’s Tender for Vegetable Oils Earlier … Read more
Despite ongoing conflict and instability, Ukraine’s grain export industry continues to thrive. In March 2023, Ukraine exported the largest monthly volume of grain in its history, signaling the resilience of the country’s agricultural sector. Overview of Ukraine’s Grain Export Industry Ukraine is one of the world’s leading producers and exporters of grain, including wheat, barley, … Read more
Commercial procedures for the international trade of commodities can be complex, involving numerous documents, payment instruments, and third-party inspections. To facilitate these transactions and provide a framework for the parties involved, the International Chamber of Commerce (ICC) has developed guidelines and procedures that are widely recognized and used in the industry. In this article, we … Read more
Argentina, known for its rich culture, beautiful landscapes, and delicious cuisine, is also a powerhouse in the world of international trade. The country’s economy is heavily dependent on exports, with a wide variety of products and industries contributing to its success. In this article, we will take a closer look at Argentina’s top 10 exported … Read more
The Importance of Transportation Costs in the Grain Industry In the world of agriculture and food production, transportation is a key factor in getting products from the farm to the market. The cost of transportation is a major concern for producers and distributors, as it can greatly impact profitability. In recent months, the cost of … Read more