Ukrainian Trade Union Lowers Harvest Forecast/24
Ukraine’s grain traders union UGA has cut its forecast for Ukraine’s 2024 combined grain and oilseed crop by 2.8 million metric tons to 71.8 million tons due to a heat wave, the union said on Wednesday. The UGA also said the 2024 crop could include […]
Increase in maritime freight and its impacts on Foreign Trade
Recently, the international logistics sector has witnessed a significant increase in sea freight costs. Our after-sales assistants from the Soft Oils unit, Joana Vitória and Eduarda Goulart, explain the causes and consequences of the General Rates Increase, the adjustment of sea freight rates. The General Rates Increase, or GRI, refers to an adjustment made by companies […]
Soybeans: Market tests new lows in Chicago
The grain market recorded another day of significant losses on the Chicago Stock Exchange this Tuesday (29), this time led by wheat, which lost more than 2% among the most traded contracts this morning. The movement in the grain also dragged the prices of corn and soybeans into the negative field, this […]
Cold air mass and intense heat mark the climate in Brazil
According to Gabriel Rodrigues, a meteorologist at Portal Agrolink, the cold air mass is advancing through the southern region of Brazil. At the same time, the intense heat continues to affect the center-north of the country, promoting temperatures above 37°C in the middle of winter, accompanied by extremely low relative humidity levels. Cold air mass in the […]
Corn remains strong on B3
Despite occasional drops on Friday, corn remained strong on the São Paulo Commodities Exchange (B3) in the weekly comparison, according to information from TF Agroeconômica. “The downward movement was mainly due to the drop in the international scenario and the dollar, given that at this time, when traders are looking for corn at the port with premiums […]
Indonesia plans to review palm oil market rules
Indonesia’s Trade Ministry is planning to review the domestic market obligation rules for palm oil to potentially change the prices of some and types of products sold to the local market, director Bambang Wisnubroto said on Monday. Under the “domestic market obligation” (DMO), […]
Grain market shows signs of recovery
In Brazil, soybean prices showed some signs of recovery in some markets. The average in Rio Grande do Sul was R$ 57.50/bag, while the main markets remained at R$ 54.00. In the rest of the country, prices varied between R$ 37.00 and R$ 58.00/bag, with the CIF value at the ports of shipment reaching R$ 64.00/bag. According to […]
Market Expansion: Belgium and Netherlands Roadmap
From June 10 to 19, Renan Fernandes and Bruno Noronha, oleochemicals specialists at Aboissa, took a tour of Belgium and the Netherlands. The main focus of this trip was to explore opportunities for expansion in the European market, recognized for its strong demand for sustainable and innovative solutions. Belgium and the Netherlands are […]
Will biodiesel impact soybean oil?
Itaú BBA projects significant growth in biodiesel production in Brazil in the coming years. Estimates indicate that production, which was 7.7 billion liters in 2023, should reach 11.2 billion liters in 2026. This represents an annual growth of 14%. Furthermore, with the increase in biodiesel production, demand […]
