India's vegetable oil imports hit record high
India’s vegetable oil imports in November hit their highest level in four months, with refiners ramping up purchases of soybean oil and sunflower oil to replenish stocks following high demand during the festival season, a leading trade body said on Thursday. According to […]
Ukraine attacks Russian port and oil depot in Bryansk
Ukraine has carried out missile strikes on a southern Russian port on the Sea of Azov and used drones to target an oil depot in the western Bryansk region, according to officials, sources and multiple media outlets. While the extent of the damage and the weapons used in the attack on the port […]
Olive oil: Global production should reduce prices in Brazil in 2025
Brazil’s domestic olive oil production is still limited, and the country therefore relies on the European market to meet domestic consumption. Consequently, this dependence leaves Brazil vulnerable to fluctuations in global olive oil production, especially during times of adverse weather conditions in the world’s main olive oil producing regions. Furthermore, in recent years, […]
COP29 addresses climate change in global agriculture
2024 will be the hottest year on record, with a direct impact on global and Brazilian agriculture. The latest report from the Copernicus Climate Change Service (C3S) confirms an alarming forecast: 2024 is expected to be the hottest year on record, exceeding for the first time the 1.5°C threshold above pre-industrial levels on an annual average. […]
Stability in corn futures prices
Corn futures prices on the Brazilian Stock Exchange (B3) started the week with few fluctuations this Monday, December 9. At around 12:21 pm, Brasília time, prices varied between R$ 72.24 and R$ 73.94. In addition, the contract maturing in January 2025 registered a value of R$ 73.94, showing a […]
Historic agreement between Mercosur and the European Union is announced
The historic agreement between Mercosur and the European Union (EU) was announced this Friday morning (6) by the leaders of both blocs, in a ceremony in Montevideo, Uruguay, during the 65th Mercosur Summit. Presidents of countries in the South American bloc were present, such as Javier Milei (Argentina), Luiz Inácio Lula da Silva (Brazil) and […]
Critical harvests: Russia and Ukraine impact the wheat market
New contract lows in Chicago wheat futures this week are hardly indicative of global supply concerns, but traders may want to watch what’s happening in the Black Sea region more closely. Winter grains in top wheat exporter Russia are in the worst condition of their […]
EU and Mercosur: Trade deal in sight, but faces opposition
The European Union (EU) and Mercosur are set to finalize a long-awaited trade agreement on Friday (6). However, the treaty faces an uphill battle to be approved in Europe, mainly due to strong opposition from France. After more than 20 years of negotiations and five years since the initial agreement, the president of the European Commission, Ursula […]
Brazil sees drop in exports, but bran hits record high
Brazil is expected to export only 1.24 million tons of soybeans in December. The National Association of Cereal Exporters (Anec) announced this Thursday that Brazil exported 3.79 million tons in the same month of 2023, a volume significantly higher than that forecast for this year. In addition, for the year 2024, the largest […]
