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    Home > Active Ingredient News > Feed Industry News > February 24 international market news

    February 24 international market news

    • Last Update: 2008-11-03
    • Source: Internet
    • Author: User
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    Introduction: 1 Safras Sao Paulo quoted IEA data on the 21st In the past four weeks, soybean prices in Sao Paulo, Brazil, have fallen by 14% This year, the cumulative decline is not big, 2.25% The current price is 4.84% lower than the average price four weeks ago, mainly due to the pressure of new soybean coming into the market and the stronger reais against the US dollar 2 According to the analysis report of oil world, because the weather of heat and drought in South America's soybean production area affects the growth of soybean crops, the magazine lowered the output of Brazil's soybean in 2005 to 60.5 million tons, and pointed out that if this weather continues, it is not ruled out that the output forecast could be further reduced 3 Malaysia exported 678151 tons of palm oil between February 1 and 20, up 5.1% from 645453 tons exported in the same period in January, SGS, a shipping research agency, said Monday This figure is lower than 694139 tons published earlier by its, another shipping survey agency Traders said both estimates were below the market's previous expectations of 750000 tonnes 4 According to the participant Monday, Egypt's private medi trade company will hold a bid on March 1 to buy 30000 tons of optional vegetable oil from the origin, which will arrive in the first half of April Medi trade will purchase 15000 tons of soybean oil and 15000 tons of sunflower seed oil on behalf of the general authority for supply commodities of Egypt, subject to the C & F price 5 According to the forecast data of oil world, in 2004-05, the rapeseed crushing volume of 25 EU countries will reach 12.8 million tons, with a significant growth rate, and it is expected to increase by 2.4 million tons compared with the previous year 6 The following is the U.S No.1 soybean export quotation (unit: US cents / bushel) delivered within 30 days at the U.S port on February 22: Port quotation and yesterday's change, port of Louisiana 625.00-627.00, up 21.50, port of Toledo, Great Lakes region 568.00-569.00, up 20.50, port of Chicago, Great Lakes region 567.00-577.00 From 22.50 to 19.50, 592.00 of Norfolk port on the Atlantic coast increased by 24.007 According to the data of the National Statistical Commission, the total output of natural sunflower seed oil in Ukraine in January was 112800 tons, 1% higher than that in December, but 9% lower than that in the same period last year The data is considered conservative by the analysis agency, which expects the total output of natural sunflower seed oil in January to be 122000 tons According to the report of the Statistical Commission, the inventory of sunflower seed oil factories in January fell by about 39% to 6700 tons Factory inventories accounted for 5.5% of total production in January and 9.3% in December 8 The analysis article of oil world points out that due to the insufficient quantity of rapeseed exported by the EU to the third party and the weak crushing capacity, the EU's rapeseed output is expected to rise to 15.2 million tons in 2004-05, and the EU's rapeseed ending inventory may reach a high surplus in 2005 9 Malaysia's palm oil production in February is likely to decline by 11% to 1025000 tons due to fewer working days and quarterly factors, according to a Reuters survey on Monday The total output in January was 1151956 tons The forecast range of five local companies is 99068200 tons to 1059800 tons 10 According to the latest data of South Africa grain information service (sagis), the annual oil seed production of South Africa market in 2004 / 05 will decrease The winter rapeseed production is expected to be flat at 3425000 tons, while the summer rapeseed production is expected to be lower than the previous year 11 Traders in Seoul said that bfmg, the largest feed group in South Korea, is bidding to buy up to 15000 tons of palm kernel meal from Southeast Asia The deadline for bidding is 4:00 p.m local time on Tuesday (0700 GMT) At present, the bidding is nearing the end Traders said the group said 10000 tons were shipped to Incheon port and another 5000 tons to Qunshan port and Ulsan port 12 The Kaohsiung Branch of the Taiwan breakfast soybean Purchasing Association (bSPA) will purchase 40000-60000 tons of us or Brazilian soybeans in the next three years, traders and industry officials said on Tuesday Last week, the group cancelled its bid for the same amount of soybeans because the price was too high, and it was reported that the lowest offer of agrex for 40000 tons of us soybeans was $2.37/pu higher than the price of CBOT's may contract 13 Traders said that South Korean grain importers are expected to buy US wheat and South American soybean meal this week, and if the price gap continues to widen, Japanese soybean buyers will shift their attention from new crops in South America to us soybeans Grain and oil importers in Taiwan may bid for American soybeans or Argentine corn But industry officials say they are wary of higher prices and freight costs.
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