Organic grain prices in Europe continue to rise. Organic corn prices are trading on average near €390 delivered in Western Europe. Organic wheat prices are the same. Trucking rates in Europe generate higher prices and drive up the cost to move grain from Eastern Europe to Western Europe. This issue is the same in the United States. A report on CNBC said that the number of applications for new truckers in the United States was down 25% from pre-pandemic levels in 2019. Merchandisers tell Fastmarkets/The Jacobsen that organic soybeans are trading near €1300 per metric ton. These sales consist mainly of domestic, Chinese, and African contracts.
According to the Foreign Agricultural Service, approximately 2.5K metric tons of organic soybean were imported from different areas of Africa in 2020. The majority came from Ethiopia. Togo also exported organic soybeans to the U.S. Nigeria exported small volumes. In 2021, the volumes of organic soybean meal…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...