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Egypt to start exporting agricultural products to Philippines – statement

Egypt is to start exporting agricultural products to the Philippines following five years of negotiations, the Egyptian agriculture ministry said in a statement on Friday. The first shipment of Egyptian citrus is expected to be exported to the Philippines during the current season, the ministry added. Source: Reuters (Reporting by Momen Saeed Atallah; Writing by Alaa Swilam; Editing by Jan Harvey)

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Russia’s 2022/23 grain exports seen at up to 54 MLN t – state trader

State controlled trader United Grain Company (UGC) expects Russia to export 53-54 million tonnes of grain in the 2022/23 season, its deputy head Ksenia Bolomatova told an agriculture conference on Thursday. The country’s agriculture ministry in September forecast grain exports of between 50-60 million tonnes in the 2022/23 season. Source: Reuters (Reporting by Olga Popova; Editing by Mark Potter)

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Ukraine grain exports down 29.6% at 18.1 mln T so far in 2022/23

Ukraine has exported almost 18.1 million tonnes of grain so far in the 2022/23 season, down 29.6% from the 25.8 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on Friday. The volume included more than 6.9 million tonnes of wheat, 9.7 million tonnes of corn and about 1.5 million tonnes of barley. After an almost six-month blockade caused by the Russian invasion, three Ukrainian Black Sea ports were unblocked at the end of July under a deal between Moscow and Kyiv brokered by ...

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India cuts windfall tax on crude oil output, diesel exports

India cut the windfall tax on crude oil to 4,900 rupees ($60.34) per tonne, according to a government order. It also cut the export tax on diesel to 8 rupees per litre. Changes to the windfall tax will be effective from Friday, the order said. Source: Reuters (Reporting by Nidhi Verma, Aftab Ahmed and Shivam Patel in New Delhi; Editing by Jan Harvey)

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Indonesia’s nickel ore export ban, domestic processing requirements found violating WTO rules

The World Trade Organization has ruled that Indonesia’s export ban and domestic processing requirement on nickel ore violates WTO rules, according to a report released Nov. 30. The WTO’s Dispute Settlement Body established a panel in February 2021 to examine whether Indonesia’s imposition of the two measures prevent the export of nickel ore from Indonesia, as alleged by the EU, which challenged the export ban on nickel ore, as well as another measure that requires that all nickel ore be processed domestically in Indonesia. The EU had gone to the ...

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Europe’s Imports of Russian LNG Increase by 42% in 2022, Report Suggests

The European Union has boosted the imports of Russian liquefied natural gas by 42% between January-October 2022 year-on-year, British financial newspaper reported. The LNG imports from Russia during the period amounted to 17.8 billion cubic meters of natural gas (bcm), with Belgium, France, Spain and the Netherlands topping the list of importers, according to the news outlet. This year, Europe has imported 111 bcm of LNG between January-October from the global market, increasing the import volumes by 70%, while last year the EU purchased 155 bcm of Russian natural gas ...

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South Korea truckers’ strike cost $1.2 bln in lost shipments

A strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments, the industry ministry said on Thursday. Disruptions to the country’s supply chain expanded on Thursday, the eighth day of the by thousands of truckers, as the government prepares to order more of them back to work. Source: Reuters (Reporting by Choonsik Yoo and Joyce Lee; Editing by Clarence Fernandez and Himani Sarkar)

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Turkey starts buying feed barley in tender for 495,000 tonnes – traders

Turkey’s state grain board TMO has started buying animal feed barley in an international tender on Thursday with about 150,000 tonnes initially bought, European traders said. The tender sought a total 495,000 tonnes and more is expected to be purchased later on Thursday. Purchases in TMO’s tenders are provisional and subject to final confirmation in coming days. Purchases can be cancelled completely. Imports and supplies already in warehouses in Turkey can both be offered in the tender. The tender continues an active period of grain importing by Turkey, which is ...

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South Korea’s FLC buys 65,000 tonnes corn in private deal- traders

South Korea’s Feed Leaders Committee (FLC) purchased about 65,000 tonnes of animal feed corn expected to be sourced from South America in a private deal on Wednesday without an international tender being issued, European traders said. The corn was purchased at an estimated $335.95 a tonne c&f with an additional $1.25 a tonne surcharge for additional port unloading. It was for shipment from South America in 2023 between Jan. 1 and Jan 20 with arrival in Korea around March 2. Seller was believed to be trading house Zen-Noh. The deal ...

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Asia crude oil imports hit record high, but strength is deceptive

Asia’s crude oil imports most likely rose to a record high in November, but much of the strength was because refiners were ensuring sufficient inventories ahead of possible disruptions of shipments from Russia. A total of 119.12 million tonnes of crude, equivalent to 29.1 million barrels per day (bpd) was landed in November, according to data compiled by Refinitiv Oil Research. This was sharply higher than the 25.6 million bpd in October and the 26.6 million bpd in September, with gains led by China, India and South Korea. The European ...

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UK-listed Contango plans thermal coal exports from Zimbabwe in 2023

London-listed Contango Holdings plans to start exporting thermal coal early next year from its Zimbabwe mine following requests from customers in Europe and Asia, the company said on Wednesday. Zimbabwe’s neighbour South Africa saw an eight-fold increase in coal exports to Europe during the first half of 2022, after the European Union banned coal imports from Russia as part of sanctions for its invasion of Ukraine. Coal prices had started rising even before the conflict as some European countries switched away from expensive natural gas to coal, despite global commitments ...

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Greece can nearly quadruple gas export capacity by 2025 – gas grid operator

Greece is becoming a European gas corridor and can nearly quadruple its gas export capacity to neighbouring countries in the coming years thanks to new infrastructure under development, Maria Rita Galli, the chief executive of the country’s gas grid operator DESFA said. In the wake of the war in Ukraine, Greece has this year more than halved its imports of Russian gas, instead ramping up deliveries of liquefied natural gas (LNG), mainly from the United States and Egypt, to its sole LNG facility at Revithoussa near Athens. The terminal, which ...

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Asian corn import demand unlikely to see sharp increase next year, says USGC

Corn import demand from Asia, especially Southeast Asia, is likely to stay largely unchanged in 2023, as a stronger US dollar and worries over the pace of economic growth will limit the purchasing power of consumers, US Grains Council Vice President Cary Sifferath said. “I don’t think we will have a strong increase in demand, but hopefully maintain the current demand,” Sifferath said in an interview with S&P Global Commodity Insights. The firming of the US dollar, especially against some of the key Asian currencies, and logistic issues in the ...

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China ramps up efforts to ensure energy supply for winter

China is deploying both domestic and overseas energy resources to ensure stable supplies for winter heating, while further optimizing the country’s energy mix to enhance supply security amid a complex international energy situation, and officials stressed on Wednesday that energy supply remains sufficient and stable. Industry analysts also expect overall stable energy supply for this winter and spring 2023, thanks to policy measures to increase energy output that will effectively relieve supply pressure. Since the beginning of the winter heating season, the country’s supply of coal for power generation has ...

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South Korea’s KFA tenders for up to 69,000 tonnes of corn – traders

The Korea Feed Association (KFA) has issued an international tender to purchase up to 69,000 tonnes of animal feed corn to be sourced from optional origins, European traders said on Thursday. The deadline for submission of price offers in the tender is also Thursday, Dec. 1. The corn was sought by the KFA’s Busan section for arrival in South Korea around March 1, 2023. The tender continues a series of South Korean corn purchases this week, with other buying reported from importers NOFI, the Major Feedmill Group and Feed Leaders’ ...

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