For the week of November 7–12, the export tax on Russian wheat will be 2,517 rubles/ton (up from 2,272.9 rubles a week earlier). The export tax on barley will be 1,266.2 rubles/ton (+463.8), and the export tax on corn will be 3,059.9 rubles/ton (+357.8).
Yesterday, the Egyptian state company GASC held an auction to purchase milling wheat for delivery between November 25 and December 5, 2024, or between December 6 and December 15, 2024.
In September, 5.07 million tons of soybeans were processed in the United States, which is below forecasts, but 11.31% more than in August and 6.72% more than the record in September 2023.
Oil World forecasts that in 2024/25, the supply of 17 major oils worldwide will increase by 1.6 million tons compared to the 8.8 million tons in 2023/24.
Strategie Grains has once again lowered its forecast for the EU sunseed production in 2024/25 from 8.9 million tons to 8.8 million tons, which is 11% less than in 2023/24.
