South Korea’s corn demand in marketing year 2023-24 (September-August) faces further downside potential after feed buyers started increasing feed wheat usage in feed ratios to replace corn. This follows the release of local rice stocks by the national granary to feed millers, marking around 400,000...
Freight News
Ukraine maritime farm exports at 2.95 mln T in March 1-15, ministry data shows
Ukraine’s maritime agricultural exports were at 2.95 million metric tons in March 1-15 and corn dominated the shipments, farm ministry data showed on Monday. The ministry gave no comparative figures. Ukrainian maritime farm exports totalled 6.38 million tons in February. The data showed that in...
India’s Feb vegetable oil imports fall to near 2-year low on declining palm oil purchases
India’s vegetable oil imports fell to 967,852 mt in February, down 19% on the month to the lowest single month of purchases since June 2022, trade body the Solvents Extractors’ Association of India, or SEA, said March 13. Imports from the world’s biggest vegetable oil buyer were last at this low...
Russian coal exports to Asia-Pacific up 23% in 2023 -TASS
The volume of Russian coal exports to Asia-Pacific countries rose 23% in 2023, Russian Deputy Energy Minister Pavel Sorokin said on Thursday, as quoted by state news agency TASS. Source: Reuters
https://www.hellenicshippingnews.com/russian-coal-exports-to-asia-pacific-up-23-in-2023-tass/
FranceAgriMer cuts 2023/24 wheat export outlook, raises stocks
Farm office FranceAgriMer on Wednesday lowered its forecast of French soft wheat exports outside the European Union in 2023/24 to 10.15 million metric tons from 10.25 million projected last month. In a supply and demand outlook, the office also cut its forecast for French soft wheat shipments...
https://www.hellenicshippingnews.com/franceagrimer-cuts-2023-24-wheat-export-outlook-raises-stocks/
S Korean authorities probe origins of naphtha imports – sources
South Korean authorities are investigating imports of naphtha, a petrochemical feedstock, looking into whether supply from Russia was being mislabelled as fuel from elsewhere, multiple sources familiar with the matter said. It could not immediately be determined why authorities were probing the...
https://www.hellenicshippingnews.com/s-korean-authorities-probe-origins-of-naphtha-imports-sources/
China’s Unipec snaps up North Sea crude for May delivery -sources
Unipec, the trading arm of Asia’s largest refiner Sinopec, has swept up 8 million barrels of North Sea crude Johan Svedrup to be delivered in May amid weak demand in Europe, several trade sources said. The volume is set to be the highest since February 2022 when 8.3 million barrels of the grade...
China cancels some French wheat deals, traders tell FranceAgriMer
Grain market players are reporting that China has cancelled some French wheat purchases, France’s farm office said on Wednesday, in a move that could be in response to a recent slide in prices and would follow some U.S. wheat deal cancellations. The market players cited the cancellations in a...
Russian coal exports to Asia struggle amid lower prices
Russia’s exports of seaborne coal to Asia have been weakening in recent months, with lower shipments of both thermal grades and metallurgical coal used to make steel. Exports of all grades of coal were assessed by commodity analysts Kpler at 8.48 million metric tons in February, slightly higher...
https://www.hellenicshippingnews.com/russian-coal-exports-to-asia-struggle-amid-lower-prices/
Ukraine exports 2.2 mln T grain so far in March
Ukraine’s grain exports so far in March have totalled 2.2 million metric tons, up from 1.9 million tons in the same period of last year, agriculture ministry data showed on Wednesday. Ukraine’s grain exports in the 2023/24 July-June marketing season have fallen to around 31.9 million tons from 34.2...
https://www.hellenicshippingnews.com/ukraine-exports-2-2-mln-t-grain-so-far-in-march/