Nitrogen fertilizer market // Week 25
At the start of the week, activity of Egyptian urea producers was again minimal. Later on, deals for the sale of granular fertilizer have been concluded within $305-340/t FOB.
Commodity markets
Market of complex and potash fertilizers // Week 25
Indian importers have been sluggish on the phosphate fertilizer market. Some players expected that the disclosure of the DAP offer prices received by RCF within the tender would show the actual level of quotes on the Indian market.
Soybean market // Week 25
Dry weather conditions in key grain growing areas of the United States have a negative impact on soybean crops, triggering concerns about the future harvest. As a result, soy export quotes are going up.
Grain market. Australia // Week 25
Australian grain producers are reluctant to sell their stocks as the end of the fiscal year approaches. The market is fairly stable, with few deals.
Grain market. South America // Week 25
Brazilian corn producers still do not hurry to sell, assessing production prospects in the country and in the US, as well as trying to sell their grain at higher prices.
Grain market. USA // Week 25
Drought in key farming areas of the US Midwest had a negative impact on corn and soybean crops, raising concerns about production prospects and pushing prices up.
Grain market. Kazakhstan // Week 25
In Kazakhstan, grain prices have declined amid weak importers’ demand and competition with Russian traders. At the same time, buyers continue to insist on additional discounts.
Grain market. Russia // Week 25
Quotes for Russian grains have grown this week. Prices got some support from successful tender in Algeria. During the tender, local buyers have contracted about 400,000 t of wheat, mainly of Russian origin, at $261.5-264.5/t C&F for shipment in August.
Grain market. EU countries // Week 25
Prices for EU grains have surged amid concerns about the new harvest, although export trade is moderate.
Sunflower oil market. Ukraine // Week 25
On Monday, Ukrainian sunflower oil suppliers entered the market with rather high offer price of $905/t (hereinafter bss CIF Mersin) for June-July shipments, but importers were not going to agree to more than $850/t (as Russian oil was available at $850-860/t).