UkrAgroConsult

😎🇺🇦🇷🇴 Sneak peeks from today's opening of BLACK SEA OIL TRADE-2024! Happy to welcome 300 participants from 33 countries!🤝 #BSO2024

Colegele noastre, Angi Mocanu si Natalia Gheorghe, din echipa Agxecutive, au participat astăzi la Conferința Black Sea Oil Trade! Evenimentul a reunit peste 250 de participanți din aproximativ 25 de țări, iar agenda a inclus discuții despre provocările și tendințele actuale din domeniul agribusiness-ului în regiunea Mării Negre. #BlackSeaOilTrade #Agribusiness #Romania #Agxecutive #Conference

🌱 #IGS #forecasts #record #soybean production in the world The IGS report, released on October 17, forecasts a record soybean production of 421 mln tons, up from 395 mln tons in MY 2023/24, as a number of the world's largest producers expect a bumper crop. Together with the higher carry-over stocks, the projected end-of-season stocks are up by 4 mln tons. Given the increased prospects for buyers in Africa and Asia, trade is forecast to increase by 1 million tons from September (+1% yoy). Trade is expected to rise to a peak of 179 mln tons, including another above-average season of shipments to China. “With rising demand from the feed, food and industrial sectors, which should support the upward trend in processing, global consumption is expected to increase by 5%, and total stocks will also reach a maximum,” the IGC said. Read more 👉 http://surl.li/jfqqbp

🇰🇿🇪🇬 #Kazakhstan to establish #grain supplies to #Egypt The Food Corporation has established contacts with the world's largest grain buyer from Egypt. The country is currently being accredited to participate in tenders. They are discussing the supply of up to 400 thsd tons of wheat. As a reminder, Egypt imported 10.8 mln tonnes of wheat in January-September 2024, of which 8 mln tons were supplied from Russia and 1.5 mln tons from Ukraine. Read more 👉 http://surl.li/onitrf

I’m grateful to UkrAgroConsult for the invitation to participate in the panel at the 10th Blacksea Vegoil Conference. It was an honor to represent Sovena Group and contribute to the discussions on key topics shaping our industry. Thank you to everyone involved for creating such an insightful event. I look forward to future opportunities for collaboration and continued growth in the sector! #BlackseaVegoilConference #Sovena #IndustryInsights #sunflower

UkrAgroConsult Thank you for inviting me to be part of Discussion panel Oilseed Industry. Leaders and Strategies in the Times of a Great Change at The 10th International Conference Black Sea Oil Trade 2024 in Bucharest It’s always great to chat about industry on stage with true professionals from all over the world Shamil Khakirov Cezar Gheorghe Vassil Vassilev Jan Felix Gruber Ukr SFS has 0 potential for export this season, due to high prices from ukr crushers, but even this way ukr crop of SFS will cover only 55% (12.2 mmt vs. 22 mmt according to ASAP: analytical solutions for agricultural problems) of Crushing capacity. We will see if Soybeans help to close the gap this year

🌟 Honored to have participated in the 10th International Conference BLACK SEA OIL TRADE-2024! 🌟 I had the pleasure of attending this incredible event and was fortunate enough to join an engaging panel discussion on Oilseed Industry - Leaders and Strategies in the Times of a Great Change. It was an insightful exchange of ideas with inspiring professionals who are shaping the future of our industry. I’m grateful for the opportunity to share my thoughts and learn from my peers. Thank you to the organizers, fellow panelists, and everyone who made this event so impactful! 🚀

🇧🇩 #Bangladesh cuts #VAT on #soybean_oil and #palm_oil #imports On Thursday, October 17, the Bangladeshi government reduced the value added tax (VAT) on imports of soybean and palm oil from 15 percent to 10 percent, Prothom Alo writes. The National Board of Revenue (NBR) has issued two separate notifications on the reduction of VAT on imports, processing and sales of soybean and palm oil. According to the document, producers of edible oil, which is mainly imported, are exempted from paying VAT. Bangladesh is one of the most promising destinations for vegetable oil supplies. In recent years, Bangladesh has significantly increased its imports of this product. In 2023/24, the country purchased 575 thsd tons of soybean oil.In 2023, Brazil, Argentina and Paraguay supplied 275 thsd tons, 238 thsd tons and 112 thsd tons of oil to the country. It is expected that, despite the growth of domestic production (in 2023/24 - 364 thsd tons), by 2032/33 Bangladesh will increase the import of soybean oil to 890 thsd tons. Read more 👉 http://surl.li/aodemn

🇨🇳 Extreme weather may reduce #corn #harvest in #China Corn production in China may be significantly reduced this year, but this information has not yet affected prices. Extreme weather - from heat to floods - has significantly worsened the prospects for the corn crop in China. However, traders are not yet paying attention to this problem, given the large stocks and weak demand for the grain. However, if the situation does not improve and the government manages to boost economic development, China will have to increase corn imports. In 2023, China harvested a record 289 mln tons of corn, but in 2024, the harvest may decrease by 7% (or 5-20 mln tons), which will be the biggest drop since 2000, when production decreased by 17%. Harvesting will be completed in November, when the results will be known, but it is already clear that the market balance will not deteriorate much even in the case of such a deficit. Read more 👉 http://surl.li/hqxehq

🇺🇦 #Ukrainian farmers #harvested 60.8 mln tons of #grains and #oilseeds Ukraine has already harvested 67.3 mln tons of new crops on an area of 17.7 mln ha. In total, 42.8 mln tons of grains, 18 mln tons of oilseeds and almost 6.5 mln tons of sugar beet were harvested. In particular: ✔️ #wheat - 22.3 mln tons; ✔️ #barley - 5.5 mln tons; ✔️ #peas - 465.3 thsd tons; ✔️ #corn - 13.2 mln tons; ✔️ #millet - 158.9 thsd tons; ✔️ #buckwheat - 124.8 thsd tons; ✔️ #sunseed - 9.3 mln tons; ✔️ #soybeans - 5.2 mln tons; ✔️ #rapeseed - 3.5 mln tons. Read more 👉 http://surl.li/baxbqe