Market of complex and potash fertilizers // Week 24
As for the phosphate fertilizer market, MAP quotes continue to decline in Brazil. Traders have cut prices to $450/t C&F Brazil. Russian suppliers have sold several lots at $440/t C&F Brazil.
Commodity markets
Soybean market // Week 24
Prices for US soybeans have increased amid growing market of vegetable oils, as well as given dry weather in the country.
Grain market. Australia // Week 24
The Australian grain market remains stable.
Grain market. South America // Week 24
Quotes for Brazilian corn have grown due to the global trend. In its June report, Conab raised Brazil’s 2022-23 corn crop estimate by 200,000 t to 125.7 million t.
Grain market. USA // Week 24
Prices for US corn have increased amid dry weather, which may have a negative impact on crops.
Grain market. EU countries // Week 24
By mid-June, quotes for EU grains have grown noticeably.
Sunflower oil market. Ukraine // Week 24
Export prices for Ukrainian sunflower oil have increased significantly due to the widening price gap between soybean and sunflower products (not in favor of soybean products).
Iron ore market // Week 24
Prices for Brazilian iron ore are going down, while those for Australian origin are climbing up in the middle of June.
Nitrogen fertilizer market // Week 24
In the first half of the week, Egyptian urea producers were waiting for the results of the Indian tender, so trade has perked up only in the second half.
Steel scrap market // Week 24
Demand for imported steel scrap is weak in Turkey amid scant sales of finished and semi-finished steel products. Deals are concluded only in case of significant price cuts.