News brief 23 October

Sunflower oil exports from Ukraine may decline in the new season

According to the updated assessment of the APK-Inform news agency, the production and export of Ukrainian sunflower oil in 2023/24 MY may be reduced to 5.5 million tons (-8% compared to MY 22/23) and 5.1 million tons (-10% compared to MY 22/23) respectively, but there is potential to maintain these indicators at the level of the previous season. In addition, the pace of sunflower exports is gradually gaining momentum. APK-Inform analysts believe that from December there is a high probability of an increase in oilseed shipments to EU countries. This may limit sunflower processing potential.

Source: APK-Inform agency.

Sunflower oil (FOB Black Sea ports): the cost of supply offers is the maximum over the last week

On 10/20/2023, the cost of proposals for the supply of sunflower oil for February 2024 increased by 10 USD/T and amounted to 820.00 USD/T

Offers dated 10/19/2023 were at 810.00 USD/T.

The increase in the delivery price for February 2024 for the week amounted to 65 USD/T. Over the month, the price increased by 30 USD/T.

The highest delivery price for February during the entire period of observation was recorded on 04/25/2022 and amounted to 1850.00 USD/T. The minimum delivery price for February, for the entire period of observation, was 01/02/2019 and amounted to 660.00 USD/T.

Source: Oilworld.ru

Sunflower stocks decreased in Kazakhstan

Sunflower seeds stocks in Kazakhstan in October amounted to 322 thousand tons. This is 112 thousand tons lower than the July figure and 190 thousand tons less than reserves at the same date last year, according to official statistics.

Total as of October 1 of this year. In Kazakhstan, 967 thousand tons of oilseeds were available, including 330 thousand tons of flax, 163 thousand tons of rapeseed, 99 thousand tons of safflower, 36 thousand tons of soybeans.

As previously reported, according to estimates from the National Association of Oilseed Processors, due to dry weather conditions and lack of precipitation during the growing season in the main sowing regions, the sunflower harvest may be reduced by 30-40% and will not exceed 850 thousand tons. This is 17% less than last year.

Ukraine is working on exports of biomethane to the EU

Export of biomethane, in particular, to the European market, is an important development direction of the biofuel industry in Ukraine. The corresponding draft law No. 9456 "On amendments to the Customs Code of Ukraine regarding the customs clearance of biomethane" has already been prepared for the first reading in the Verkhovna Rada of Ukraine. This was stated by Deputy Minister of Agrarian Policy and Food of Ukraine Vitaly Holovnya during a meeting with Ann Bersio, adviser on trade issues of the Trade and Economic Department of the EU Representation in Ukraine, the press service of the Ministry of Agrarian Policy reported.

"The production of biomethane and biogas is beneficial for business and the state. Processing of agricultural and livestock waste is additional efficiency and added value for farmers. Also, these are organic fertilizers as a result of waste processing," V. Holovnia noted.

Source: APK-Inform

Temporary corridor: 42 vessels called at Odesa ports

On October 21, 2023, two more vessels left the ports of Greater Odesa via the temporary sea corridor, and 4 vessels entered. This was announced by Andriy Klymenko, Head of the Monitoring Group of the Black Sea Institute for Strategic Studies, Editor-in-Chief of BlackSeaNews, on Facebook.

“All vessels successfully passed the most dangerous section along the coast of Ukraine in Odesa region and entered the territorial sea of Romania or entered the ports of Greater Odesa. Thus, since September 16, 2023, at least 42 vessels with a total deadweight of 1.7 million tons have arrived at the ports of Greater Odesa via the Ukrainian grain corridor,” he added.

During the same period, according to the expert, at least 23 vessels left the ports of Greater Odesa. The total deadweight (cargo volume) amounted to 0.85 million tons.

Source: AgroPortal.ua

Kyrgyzstan increased imports of palm oil by 45%

Kyrgyzstan increased imports of palm oil by 45% in January-August 2023, according to data from the National Statistical Committee. Import volumes over 8 months increased to 2.2 thousand tons. In dollar terms, import volumes increased by 5.4% to $2.9 million.

Source: Tazabek.kg