Turkey introduces import duty on grain
According to the decision of the President of Turkey, starting from May 1, a 130% duty will be applied to imports of grain products (currently the rate is 0%).
Commodity markets
Grain market. South America // Week 16
In Brazil, corn prices have declined due to increased offer from farmers and low buyer interest.
Grain market. Kazakhstan // Week 16
Export quotes for Kazakh wheat have risen slightly amid the ban on road deliveries of this grain from Russia, as well as due to the resumption of shipments to China.
Grain market. USA // Week 16
US wheat prices have been volatile during the week, being affected by various factors.
Grain market. Russia // Week 16
Russian grain suppliers have been mostly trying to keep export quotes stable.
Market of complex and potash fertilizers // Week 16
Demand for phosphate fertilizers remains low in Latin America, with traders offering MAP 11:52 at $590-600/t C&F Brazil.
Nitrogen fertilizer market // Week 16
Sales of granular urea remain brisk in Egypt. Producers offer the fertilizer at $350-369/t FOB Egypt for shipment in April-May.
Steel scrap market // Week 16
Demand for imported steel scrap is weak in Turkey due to extremely unfavourable situation on the market for finished steel products.
Iron ore market // Week 16
Iron ore quotes have fallen again in China due to growing offer of the raw material from major miners, steel production curbs in China and, as a result, slackened ore demand from local steel mills.
Sunflower oil market. Ukraine // Week 16
The export pace remains low on the Ukrainian market due to shipping delays within the grain corridor (the Russian side is delaying inspections), as well as amid holidays in Turkey.