Indonesia’s coal production is expected to start declining in 2030, Bambang Suswantono, acting director general of mineral and coal at the Ministry of Energy and Ministerial Resources told a conference on Monday. Indonesia is targeting record coal production and exports this year. Source: Reuters (Reporting by Sudarshan Varadhan; Writing by Florence Tan; Editing by Tom Hogue)

Iranian state-owned animal feed importer SLAL has issued international tenders to purchase up to 180,000 tonnes of animal feed corn and 120,000 tons of soymeal, European traders said on Monday. The deadline for submission of price offers in the tenders is Tuesday, Sept. 26, they said. The soymeal can be sourced from Brazil, Argentina or India. The corn can be sourced from Brazil, Europe, Russia, Ukraine or elsewhere in the Black Sea region. Both tenders seek shipment in November and December. Payment problems for Iranian businesses because of Western sanctions ...

Tunisia’s state grains agency has issued an international tender to purchase 100,000 metric tons of soft milling wheat and 50,000 metric tons of animal feed barley, European traders said on Monday. The origin was optional. The deadline for submission of price offers in the tender is Tuesday, Sept. 26. The wheat is sought in four 25,000 ton consignments for shipment between Oct. 5 and Nov. 15, depending on the origin the seller supplies. The barley is sought in two 25,000 ton consignments for shipment between Oct. 5 and Nov. 5 ...

Bangladesh’s state grains buyer has issued an international tender to purchase 50,000 metric tons of milling wheat, European traders said on Monday. The deadline for submission of price offers is Oct. 11, they said. Price offers in the tender are sought on CIF liner out terms. These terms include ship unloading costs for the seller. Shipment is sought 40 days after the date of contract signing. The wheat can be sourced from any worldwide origins except Israel and is sought for shipment to two ports, Chattogram and Mongla. Source: Reuters ...

Egypt is in talks with UAE-based Abu Dhabi Commercial Bank (ADBC) for the potential financing of its wheat purchases, Supply Minister Ali Moselhy said on Sunday. Reuters reported last week that the country was in early talks with an Abu Dhabi-based bank for a loan facility for wheat purchases from Kazakhstan. Source: Reuters (Reporting by Sarah El Safty, Writing by Adam Makary; Editing by Sharon Singleton)

Brazil’s 2023/24 soybean planting has reached as of last Thursday 1.9% of the expected area, agribusiness consultancy AgRural said on Monday, above the 1.5% seen at the same period a year ago and the quickestpace in five years. Sowing was up 1.3 percentage point from the previous week driven by Parana state in southern Brazil, where farmers took advantage of early September rains to advance in planting, AgRural said in a statement. Work in the fields has slowed in the last few days as the region grapples with a heatwave ...

Malaysian palm oil futures closedhigher for the second session on Monday, tracking gains in rival Dalian oils and helped by a softer ringgit. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 36 ringgit, or 0.98%,to 3,717 ringgit ($793.72) a metric ton at the closing. The benchmark declined 2.75% last week. “Today’s market seems to be in correction mode, tracking Dalian strength while awaiting new leads from production. If the current rainy spell being experienced in Malaysia continues, production may slow down lending support ...

Copper prices dropped on Monday, approaching close to four-month lows hit last week, with sentiment dominated by concern over Chinese demand, rising stocks and a stronger dollar. Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 1% at $8,140 a metric ton by 0958 GMT. The metal used in power and construction earlier touched $8,110, near the $8,071 hit last week for its lowest since the end of May. Prices of industrial metals have come under pressure this year from slowing demand in China, where the property market ...

U.S. incentives to boost consumption of more environmentally friendly fuel has created a new market for used Chinese cooking oil, worth almost $390 million in the last 12 months and growing rapidly, China’s customs data shows. China has been shipping more waste oil to the U.S. since October 2022, two months after the Biden administration passed the Inflation Reduction Act (IRA) to promote clean energy, which included tax credits for production of sustainable aviation fuel (SAF) and extended incentives for biodiesel. In the first eight months of 2023, Chinese exports ...

Argentina’s mining exports will reach around $4.5 billion in 2023, up from the 2022 total amid strong prices and the launch of a new lithium mine, the president of the sector’s main business chamber told Reuters late Thursday. Roberto Cacciola, who has just taken over as president of the Argentine Chamber of Mining Entrepreneurs (CAEM), said in an interview “the final number of exports will be closer to $4.4 or $4.5 billion in 2023.” The country’s mining exports totaled $3.8 billion in 2022, according to official data. Cacciola said the ...

A modest rebound in U.S. wheat production and supplies is improving the outlook for profitability among grain elevators that store wheat. Futures market carries have improved for all three major classes of wheat and the buy basis is widening following a bigger harvest. The larger harvest follows two years of poor production and a historic run of inverted futures markets that sapped profitability for storing wheat. According to a new report from CoBank’s Knowledge Exchange, the major risk to elevators in the year ahead is a sharp rally in wheat ...

South Korea’s SK Energy, owned by SK Innovation 096770.KS, is offering more October-loading 10ppm sulphur gasoil for sale, after selling around nine cargoes in the past few weeks, three industry sources familiar with the matter said on Monday. The refiner is looking to sell one 300,000-barrel 10ppm sulphur gasoil cargo loading Oct. 30 to Nov. 2, the sources said. One 500ppm sulphur gasoil cargo is also available via this sale tender, for loading on Oct. 25-27, they added. The tender for these cargoes close on Sept. 25 with same-day validity. ...

DCE iron ore futures fall today by 2.03%. the main contract I2401 closed 844.5. some traders were negative to sell, and quotation

Russia’s move to temporarily ban nearly all its exports of diesel and gasoline to ease surging domestic fuel prices is set to hit flows to Turkey and Brazil, but market watchers expect the curbs to be short-lived. Announced with immediate effect on Sept. 21, by far the biggest impact of the ban will be on global diesel markets, as Russia has been exporting almost 1 million b/d of diesel this year, compared with gasoline flows of around 150,000 b/d. With Russia the world’s second-biggest exporter of diesel behind the US, ...

Moderately strong El Nino conditions have formed in the Pacific Ocean, and forecasters are confident they will last into early 2024, possibly bringing relief to some dry grain production areas of the Americas. That replaces the La Nina cycle that lasted nearly three years and introduced severe drought to the U.S. Plains and Argentina over the last year. Those impacts still linger despite the flip toward El Nino, which occurs when surface waters in the equatorial Pacific Ocean are sufficiently warmer than normal. Sea surface temperatures in the important Nino ...