Steel scrap market // Week 17
Demand for imported steel scrap remains muted in Turkey.
Commodity markets
Soybean market // Week 17
Progressing planting and brisk supplies from Brazil is weighing on prices for US soybeans.
European Commission reaches agreement with EU countries on Ukrainian agri-food products
The European Commission (EC) has reached an agreement with Bulgaria, Hungary, Poland, Romania, and Slovakia on imports of Ukrainian agri-food products, EC Vice President Valdis Dombrovskis announced on Twitter.
European Parliament’s Committee on International Trade extends zero duties on Ukrainian products
The European Parliament’s Committee on International Trade (INTA) approved the proposal to extend for another year the zero anti-dumping duties and safeguards for Ukrainian exports of fruits and vegetables (subject to the system of input prices), as well as agricultural products and processed products (subject to tariff quotas) to the European Union.
Coal market // Week 16
In West Europe, quotes for imported thermal coal have been declining for the second consecutive week, being affected by the same factors: the market lacks an increase in consumption, and deals are sporadic.
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%).
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.