Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had bought 170,000 metric tons of wheat in an international tender. The purchase comprised 60,000 tons of Romanian wheat for Nov. 10-20 shipment and 110,000 tons of Romanian and Bulgarian wheat for Nov. 21-30 shipment, it said. European wheat has continued its winning streak in Egyptian tenders as an unofficial price floor has weighed on Russian wheat’s competitiveness. Traders say the Russian government had been imposing an unofficial minimum export price of $270 a ton ...

Exports of four main Nigerian crude oil grades scheduled for November were set to average at about 746,000 barrels per day (bpd), according to preliminary programmes, a big jump from the October schedule. Loadings of Bonny Light, Bonga, Qua Iboe and Forcados streams were down to a total of about 569,000 bpd in October. Exports of Nigeria’s Forcados grade of crude oil resumed in mid August, roughly a month after loadings of the medium sweet grade were suspended. In November, 323,000 bpd of Forcados are scheduled to load owing to ...

China’s oil products exports are set to rise in October as state-owned refiners capitalise on lucrative margins and some western demand, while international flights recover, industry sources and analysts said. The boost in Chinese exports follows Beijing issuing a third batch of fuel export quotas earlier this month. The world’s second-largest oil refiner is importing lower-priced sanctioned oil from Russia, Iran and Venezuela and maximising output to ramp up exports that have helped ease tight gasoline and diesel supplies globally and capped prices. China’s gasoline, diesel and jet fuel exports ...

Russia said on Sept. 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports. Russia eased some of the restrictions on Sept. 25, saying it would allow the export of bunkering fuel for some vessels and diesel with high sulphur content. But analysts say importers will still have to find alternative sellers until Russia can replenish its own stocks. WHAT ...

South Korea’s state-backed Agro-Fisheries & Food Trade Corp. has issued an international tender to purchase an estimated 50,100 metric tons of rice largely from the United States, European traders said on Wednesday. Of the total, 900 tons should be sourced from Vietnam and the rest from the United States. The deadline for submissions of price offers in the tender is Oct. 12. For the U.S. origin, the tender seeks non-glutinous brown medium grade rice for arrival in South Korea three consignments in 2024 between Jan. 31 and June 6, they ...

The EU’s wheat exports rose 17.1% on the week to Sept. 24 to 580,466 mt, data from the EU Crop Observatory showed Sept. 26. Romania and Poland saw significant increase in export quantities during the week, the data showed. “Exports increased during the week as harvest is gathering pace leading to a steady fall in prices,” a trader with a multinational firm said. Export prices of EU wheat have declined between 2%-4% during the last month, due to supply pressure and availability of cheaper shipments from Russia, the trader added. ...

The lowest free-on-board offer presented at an Egyptian state purchasing tender for wheat on Wednesday was $239 per metric ton for 60,000 tons of Ukrainian wheat, traders said. The offer was presented by Nibulon. Egypt’s state grains buyer, the General Authority for Supply Commodities, is seeking wheat in an international tender for shipment Nov. 10-20 and/or Nov. 21-30. It asked suppliers to submit offers on a free-on-board basis, with payment to be made at sight. “The GASC tender is again providing a clear indication of the current Russian unofficial minimum ...

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 6.88 million metric tons by Sept. 24, down 27% from 9.42 million a year earlier, data published by the European Commission showed on Tuesday. EU barley exports totalled 1.89 million tons, down 16% from the 2.24 million tons exported in the corresponding period in 2022/23. A breakdown of the data showed Romania remained the biggest EU soft wheat exporter so far in 2023/24, with 1.78 million tons shipped, followed by Poland with ...

Russian producers of liquefied petroleum gas (LPG) have restarted regular exports of propane and butane via the port of Kerch in Crimea after an eight-year hiatus, industry sources said, despite security threats. Regular LPG exports from Kerch were suspended in 2015 following broader international sanctions against Russian companies and producers over Moscow’s annexation of Crimea in 2014. The resumption of exports highlights Russia’s ability to manage international sanctions and continue its sea-borne energy exports. According to the sources, who spoke on condition of anonymity,regular supplies of LPG, or propane and ...

Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data in our recently updated Country Analysis Brief: Kuwait. In June and July 2023, Kuwait exported more than 1 million barrels per day (b/d) of petroleum products and liquified petroleum gas, the highest volume of products the country has exported. By contrast, crude oil exports averaged about 1.6 million b/d in June and July, down from an average of 1.8 million b/d in the same period of 2022. As ...

European Union soybean imports so far in the 2023/24 season that started in July had reached 2.69 million metric tons by Sept. 24, up 2% compared with 2.64 million a year earlier, data published by the European Commission showed on Tuesday. EU rapeseed imports in the same period totalled 825,643 tons, down 41% against 1.41 million a year earlier. Soymeal imports totalled 3.51 million tons, down 2% from 3.57 million a year ago, while palm oil imports stood at 821,115 tons, a 9% decrease versus 902,142 a year earlier. The ...

The Indonesian government is looking to import one million metric tons of rice from China in a bid to bolster its stockpiles, head of the National Food Agency (NFA) said on Tuesday. Southeast Asia’s most populous country, with 270 million people, has assigned state food procurement agency Bulog to import 2.3 million metric tons of rice this year, to blunt the impact of the El Nino weather pattern – typically associated with extreme weather events from wildfires to droughts – as hot weather in key growing regions across Asia threatens ...

The lowest price offered in the international tender from Tunisia’s state grains agency on Tuesday to purchase about 100,000 metric tons of soft wheat was believed to be $274.69 a ton c&f for optional-origin wheat, according to initial assessments from European traders. The offer was said to have been submitted by trading house Casillo for 25,000 metric tons. Results are expected later on Tuesday. Traders said participation was relatively thin with only five trading houses taking part and leading Russian grain export houses noticeably absent. “It looks like it is ...

Algerian state agency ONAB has issued international tenders to purchase around 90,000 metric tons of animal feed corn and 30,000 metric tons of feed barley, European traders said on Tuesday. The deadline for submission of price offers in the tenders is Wednesday, Sept. 27, they said. Source: Reuters (Reporting by Michael Hogan)

The Korea Feed Association (KFA) purchased an estimated 132,000 metric tons of animal feed corn in an international tender on Tuesday expected to be sourced from either South America or South Africa, European traders said. It was said to have been bought in two consignments each of around 66,000 tons. The seller was understoodto be trading house ADM. The first consignment for arrival in Korea around Dec. 30, 2023 was believed to have been bought at the outright price of $262.33 a ton c&f. The consignment was sought for shipment ...