The European Commission is considering delaying a first set of countermeasures to US tariffs on aluminium and steel until mid-April, EU trade chief Maroš Šefcovic said on Thursday, March 20. The measures, announced on March 12, cover a wide range of agricultural and industrial goods including potentially some wood products, pulp, paper and board. The […]

In the week to March 13, US soybean meal and soybean cake sales fell slightly, while exports increased, the latest USDA figures released on Thursday, March 20 showed. US 2024-25 soybean meal and cake sales reached 182,200 tonnes, down by 1% on the week and by 20% from the four-week average, but within average market […]

Malaysia’s palm oil exports during March 1-15 totalled 381,790 tonnes compared with 422,425 tonnes the preceding month due to lower purchases from key destination markets, according to figures from cargo surveyor Intertek Testing Services (ITS).The figure excludes shipments of soft oils, coconut oils and used cooking oil (UCO), with the volume down by 10%, or […]

Markets thrive when they are informed and have a measure of certainty that includes benchmarks on which they can rely. Biodiesel producers in the US have been lacking this certainty, and a majority of their production capacity remains idled as a result. A Fastmarkets biodiesel production survey under way in the week ending Friday, March […]

The Canada Border Services Agency (CBSA) announced on Thursday, March 6, that it is opening an investigation to determine if the US is unfairly subsidizing and dumping renewable diesel in Canada; changing US biofuel policy seems to be a contributing factor in this investigation. The Blender’s Tax Credit (BTC), which expired on December 31, provided […]

Turkey has reason to be cautious and should hope for rain in March and April if grain production is to be maintained in the country, an international conference in Dubai heard on Thursday, February 20. The warning came from the general manager of the Turkish Grain Board (TMO), Ahmet Güldal, speaking at the Intercontinental Commodity […]

Investment in the Danube region and other shipping routes meant that Ukraine would probably be able to continue exporting as much as 25 million tonnes per year of agricultural products, Anton Zhemerdieiev, chief commercial officer of Kyiv-based TAS Agro, said during the Intercontinental Commodity Exchange (ICE) conference in Dubai, on February 19-20. The investment has […]

China has announced additional tariffs of up to 15% on imports of US goods from March 10, with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday, March 4. Imports of agricultural goods […]

Basis indications for US interior and Gulf crude-degummed soybean oil were unchanged day on day but firmer week on week during the Monday, February 24 session. The basis on nearby Gulf crude-degummed soybean oil was assessed at a premium of 200-400 basis points per lb to March soybean oil futures on the Chicago Mercantile Exchange, […]

Brazilian tallow prices rose further in the week to Thursday, February 20, mainly supported by stronger exports. Suppliers kept their offers at higher levels despite unexpected changes in the country’s biodiesel mandate. The price reference for exported Brazilian tallow with a maximum of 15% free fatty acids (FFA), FOB Santos, was assessed at $1,050-1,080 per […]