Russia will downgrade its forecast for grain exports in the 2022/23 July-June season from the current 50 million tonnes if its harvest fails to reach the target of 130 million tonnes, the agriculture ministry said. The pace of crop harvesting in Russia, the world’s largest wheat exporter, is currently slower than the ministry expected due to a cold spring leading to a late start, as well as rain and a lack of spare parts for foreign agricultural equipment, it said. “Taken together, all of this creates risks in terms of ...

Primary unalloyed aluminum imports into the US totaled 236,084 mt in June, up 4.4% from May, as shipments from Canada picked up by 18.09% to 183,251 mt, according to the US Census Bureau data. Total P1020 imports from January through June jumped 41.64% to 1,073,286 mt, the data showed. Shipments of higher purity aluminum from origins like the UAE were down 49.7% in June from May as congestion still remains at the ports. Typically higher purity imports from Russia decreased by 10.4% to 2,291 mt during the month. Market sources ...

India’s top gas importer Petronet LNG has pushed back plans for a 1 million tonnes per annum (mtpa) liquefied natural gas (LNG) import deal after a surge in global prices, its head of finance Vinod Kumar Mishra said. “If you go for any long term contract it comes at a very high slope, so we are waiting for some time because if prices come down then we can get good price…we are waiting for right environment,” Mishra said during a call with analysts. Petronet is currently negotiation with Qatar for ...

Ukraine could start exporting wheat from this year’s harvest from its sea ports in September under a landmark deal brokered by Turkey and the United Nations, Ukraine’s first deputy minister of agriculture said on Friday. Ukraine hopes in several months to increase shipments of grain through the route to between 3 million and 3.5 million tonnes per month from 1 million tonnes expected in August, the official, Taras Vysotskiy, said. Such volumes will allow Ukraine to receive enough funds so it does not have to reduce its sowing plans, the ...

The government is planning to halve or eliminate the export duty on steel products amid falling prices and rising domestic supply, Mint reported on August 5 citing people with knowledge of the development. The steel ministry has already taken up the matter with the finance ministry after receiving multiple industry representations. The 15 percent export duty imposed on 22 May might be halved or abolished by the end of the month. Moneycontrol could not independently verify this news. However, industry officials have told Moneycontrol that the export duty on steel ...

Russia became India’s third-largest coal supplier in July, with imports rising by over a fifth compared with June to a record 2.06 million tonnes, data from Indian consultancy Coalmint showed. Russia has historically been the sixth-largest supplier of coal to India, behind Indonesia, South Africa, Australia, and the United States, with Mozambique and Colombia alternatingly featuring in the top five. India expects its central bank’s recent approval to allow payments for commodities in the Indian rupee to provide a major fillip to bilateral trade with Russia. India’s imports from Russia ...

Suppliers offered Russian wheat at lower prices this week in Asia, but most millers were unwilling to sign deals in the face of economic sanctions against Moscow, Singapore-based traders said. Russian wheat with 11.5% protein was offered around $405-$410 a tonne, including cost and freight (C&F), to Southeast Asia, they said. “Russian crop looks good and prices are very attractive at just above $400 a tonne,” said one of the traders. “But buyers are not willing to take chances with Russian supplies as cargoes might get into trouble, even though ...

India will allow the export of an additional 1.2 million tonnes of sugar, a government official said on Friday. The notification allowing exports would be issued by the end of the day, federal food secretary Sudhanshu Pandey told reporters on the sidelines of a news conference. Reuters reported last week that the government would allow additional sugar exports after allowing companies’ requests to let them ship out stocks that had piled up in ports and warehouses. Source: Reuters (Reporting by Aftab Ahmed in New Delhi Writing by Shilpa Jamkhandikar Editing ...

Ukraine’s grain exports were down 48.6% year on year at 1.23 million tonnes so far in the 2022/23 season, the agriculture ministry said on Friday. Grain exports for the 2021/22 season ending June 30 rose 8.5% to 48.5 million tonnes, driven by strong shipments before Russia invaded Ukraine on Feb. 24. Ukraine’s grain exports have slumped since the start of the war because its Black Sea ports – a key route for shipments – were closed off, driving up global food prices and prompting fears of shortages in Africa and ...

The volume of grain Ukraine will have available for export over the coming year and whether those shipments can run smoothly remains to be seen, though optimism has increased with the first sea departure of a grain vessel since Russia’s invasion. Estimates across the industry still vary on harvest potential, but there are suggestions, including from Kyiv, that the grain crop could be larger than previously thought. A ship carrying about 26,000 tonnes of Ukrainian corn left the Black Sea port of Odesa Monday headed for Lebanon following the export ...

Qatargas Operating Company Limited (Qatargas) has delivered a commissioning liquefied natural gas (LNG) cargo to Thailands newest LNG receiving terminal, LMPT2 Map Ta Phut LNG Terminal, located in Rayong Province of Thailand, West of Map ta Phut Port. The commissioning cargo was loaded in Ras Laffan on 04 June 2022 on the Q-Flex LNG vessel, Al Oraiq, with an overall cargo carrying capacity of 210,000 cubic meters. It arrived at LMPT2 Map ta Phut LNG terminal on 18 June 2022, Qatargas said in a press release. Qatargas has established a ...

Stronger gasoil export margin, and slower than expected domestic demand recovery is likely support China to increase outflow of the barrel to over 1 million mt (240,000 b/d) in August, which can be a one-year high, refinery sources with knowledge about the matter and analysts said on Aug. 4. At the same time, Chinese refineries are likely to cut gasoline exports to as low as 400,000 mt this month from an average of about 930,000 mt in the first half of the year, while jet fuel outflows as the usual ...

India has eased coal import targets for utilities, according to a notice from the power ministry reviewed by Reuters, setting aside a target for them to import 10% of their coal needs and marking yet another reversal in energy policy. State government-run utilities and private power producers should instead decide by themselves how much coal they need to import, according to the notice, which was sent to government officials and private utilities on Aug 1. “It has been decided that now onwards, states/independent power producers and Ministry of Coal may ...

The Taiwan Flour Millers’ Association purchased an estimated 50,910 tonnes of milling wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. The wheat was bought in one consignment comprising various wheat types for shipment from the U.S. Pacific Northwest coast between Sept. 21 and Oct. 5. Source: Reuters (Reporting by Michael Hogan)

Bulgaria’s energy ministry will launch a tender next week for liquefied natural gas (LNG) to prevent shortages during the peak demand winter season, caretaker Prime Minister Galab Donev said on Thursday. The European Union’s poorest member state met more than 90% of its gas needs from Russian gas imports until April 27, when Russia’s Gazprom GAZP.MM turned off supplies after Bulgaria refused to meet Moscow’s demand for payment in roubles. “Next week the energy ministry will announce a tender for short-term deliveries of liquefied natural gas so that consumption until ...