Indian refiners cancel oil contracts after price hike
Refinarias da Índia, o maior importador mundial de óleo de palma, cancelaram compras de 100.000 toneladas métricas do produto para entrega entre outubro e dezembro. A decisão foi tomada após o governo de Nova Déli aumentar as taxas de importação, em resposta à alta nos preços internacionais. Fontes comerciais informaram à Reuters que, em apenas […]
Soybean futures fall on the Chicago Board of Trade
Soybean futures contracts traded on the Chicago Stock Exchange reversed the trend and began to decline early in the afternoon this Friday (20), after a slight rise at the start of trading. At 12:20 pm (Brasília time), the most traded contracts fell between 8.25 and 9 points, with the November maturity quoted at US$ […]
Corn market: Stable prices and punctual negotiations
Corn offers in the state of Rio Grande do Sul started at R$ 67.00 per bag, according to data from TF Agroeconômica, with a difference of R$ 3.00 in deals. “The market is slow, with no significant changes in indications: Santa Rosa with prices at R$ 63.00, Não-Me-Toque at R$ 64.00, and Marau and Gaurama at […]
24/25 cotton harvest expected to grow 8% and maintain global leadership
The first estimates for the 2024/2025 cotton harvest, released by the Sector Chamber of the Cotton and Derivatives Production Chain, linked to the Ministry of Agriculture and Livestock (Mapa), were presented this Wednesday (18) during the 76th meeting of the forum, chaired by the Brazilian Association of Cotton Producers (Abrapa). The planted area in Brazil is expected to grow […]
Indonesian palm oil exports fall
Palm oil exports from Indonesia, the world’s top producer of the tropical oil, are expected to decline in 2024, mainly due to rising domestic consumption following a lift in the biodiesel blending mandate, coupled with a slight drop in production, an industry official told Reuters on Thursday. […]
Drought and heat will persist until October, affecting summer crops
The dry and hot season is expected to continue until mid-October. According to Climatempo, this is due to the delay in the rains expected for the beginning of spring. The company, which specializes in meteorology and weather forecasting, indicates that the season, which begins on September 22, will not bring immediate rain. September […]
Edible oil consumption in India expected to grow by 2024-2025
Edible oil consumption in India is expected to witness a growth of 2% to 3% in the marketing year 2024-2025, according to a major importer in the sector. Even with the increase in import duties, cooking oils remain affordable for consumers, Sanjeev Asthana, CEO, Patanjali Foods Ltd, said in an interview with […]
Ukraine: Winter grain planting in 2025 remains slow
Ukrainian farmers have sown 360,300 hectares of winter grain for the 2025 crop as of September 16, representing 6.9% of the expected area, Ukraine’s Agriculture Ministry said on Tuesday. This figure is significantly lower compared to the same period last year. Of the total, 340,300 hectares were allocated to […]
India's Impact on Palm Oil Market
Palm oil, the most consumed vegetable oil globally, plays an essential role in the food and cosmetics industries. In 2022/23, global consumption reached approximately 78 million metric tons, with India standing out as the largest importer of the product. According to analysis by Vipul Bhandari, Head of Desk at Hedgepoint EMEA, India […]
