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
Malaysian Palm Oil Market Dynamics The palm oil market is a volatile one, and recent price movements in Malaysia, one of the world’s largest producers, illustrates this perfectly. According to the Malaysian Palm Oil Council (MPOC), the country’s palm oil inventories fell to an 11-month low in April due to a reduction in production. This … Read more
Drought-Induced Decline in Spain’s Olive Oil Production In the face of an extended drought, Spain, the world’s topmost producer, and exporter of olive oil, has witnessed a dramatic surge in the prices of its signature commodity. The International Monetary Fund (IMF) reports that global olive oil prices have risen to an unprecedented 26-year high of … Read more
Soybean and palm oil prices have continued to rise, despite lower oil prices, as traders anticipate increased imports by China and India. In the context of the US Fed’s interest rate increase to 5-5.25% and an expected recession in the US economy, traders have turned to agricultural assets as a more attractive investment. This article … Read more
The Dominance of Ukrainian Oilseeds in EU Market In the 2022/23 marketing year, Ukraine emerged as the leading supplier of sunflower seeds, rapeseed, sunflower meal, sunflower, and soybean oil to the European Union. This significant import increase, up 68% from the previous season to 9.8 million tons, reshaped the EU’s import landscape for oilseeds. The … Read more
Fed’s Interest Rate Hike Plans Impact Commodity Markets The US Federal Reserve’s plan to raise interest rates by 25 basis points above 5% to curb inflation is causing a ripple effect in stock and commodity markets, decreasing speculative demand and prices for oil and other commodities like grains and oilseeds. The move to increase interest … Read more
EU Rapeseed Production Forecast Revised Upwards Strategie Grains experts have revised their EU rapeseed production forecast for 2023, increasing it from 19.5 to 20 million tonnes compared to April estimates. This boost in production is attributed to favorable weather conditions across most of Europe, which surpasses the previous year’s output of 19.4 million tonnes. The … Read more
Sunflower oil has become an increasingly important commodity in international trade, given its numerous applications and health benefits. Derived from sunflower seeds, this versatile oil is used in the food industry for cooking, frying, and as an ingredient in various products. It is also used in the cosmetic and pharmaceutical industries, making it a valuable … 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