Ukraine. Spread between sunseed and soybean prices largest since the season’s beginning

30.03.2017

The difference between domestic sunseed and soybean prices is now the largest since the season’s beginning that is unusual for this time of season. Normally, the maximum spread between these oilseeds is observed late in the season.

Russia is going to reduce spring plantings due to Turkish restrictions on grain, sunoil and sunmeal imports

Turkey’s restrictive duties imposed on grain, sunoil and sunmeal imports may put pressure on the Russian domestic market therefore the relevant ministry recommends growers to reduce plantings of spring crops in 2017.

Bulgaria increased rapeseed exports

According to Bulgaria’s Ag Ministry, the country’s 2016/17 rapeseed exports are up 78% year-on-year.

Indonesia lowered export duty on crude palm oil

Indonesia set its export duty on crude palm oil at USD 15/MT (for April). As a reminder, this duty equaled USD 18/MT in March, i.e. it was cut by USD 3/MT.

EU boosting sunseed production

Combined sunseed production in the EU will increase more than 2.5%, in 2017 owing to expanded plantings of this crop.

Higher sunseed harvests are expected in Romania, Bulgaria, France and Spain.

 

UkrAgroConsult

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