Grain Highlights 25.07.2024

Indonesia is conducting tests on biodiesel fuel with a bioelement content of 35-40%.

- According to APK-Inform data, soybean exports from Ukraine in July will reach the highest level in recent months. From July 1 to 23, exports amounted to 176,000 tons, which is a 27% increase compared to the same period in June and twice as much as the previous year.

- In the 2023/24 season, Moldova exported 504,500 tons of sunflower seeds, which is a 100% increase compared to the previous season. Sunseed oil exports were 191,700 tons, a 17% decrease, and sunseed meal exports also saw a 17% decline.

- In the coming weeks, Kazakhstan is expected to experience heavy rainfall, which will coincide with the grain harvesting campaign. Analysts expect a deterioration in the quality of the crops that will be harvested subsequently.

- According to Anec data, soymeal exports from Brazil in July will reach a record level of 2.4 million tons, up from the previous estimate of 2.23 million tons. From January to July, deliveries amounted to 13.45 million tons, an 11% increase compared to the previous year. Soybean exports in July will reach 10.43 million tons, up from 8.6 million tons, and corn exports will be 4.51 million tons, down from 5.94 million tons.

- Indonesia is conducting tests on biodiesel fuel with a bioelement content of 35-40%. The country is the largest producer of biodiesel in the world. If B40 fuel is approved for consumption, biodiesel usage will increase to 16 million kiloliters in 2025, up from 13 million in 2024.

- Jordan has canceled a tender to purchase 120,000 tons of milling wheat with delivery within September-October. The tender had offers from Cargill, CHS, Viterra, Al Dahra, Ameropa, and The Andersons.