Turkey risks vegoil shortage, relaxes agri imports
Turkey has relaxed import requirements for agricultural shipments from Ukraine — the country's vegetable oil stocks could be depleted by mid-April, given Russia's invasion of Ukraine and disrupted Black Sea shipments.
Turkey's vegetable oil market has been exposed to a greater risk of shortage than the rest of the agricultural complex, with sunflower seed and oil imports primarily coming from Ukraine and Russia. Domestic oil stocks could run out by late March or mid-April, vegetable oils and fats association BYSD said.
Turkey was due to receive 15-16 oil and oilseed vessels from Ukraine and Russia that are currently unable to leave port. Most are sunflower cargoes that were scheduled to be shipped from the Azov Sea, which is being blockaded by Russia, according to BYSD.
Turkey's sunflower oil receipts totalled 556,500t in July 2021-January 2022, up from 348,000t a year earlier. Some 97pc of imports were supplied by Russia and Ukraine. The country's imports in 2021-22 (July-June) totalled 870,000t, the US Department of Agriculture (USDA) estimates.
Meanwhile, the Turkish government has removed phytosanitary certificate and licence requirements for grain and oilseed imports from Ukraine to ensure food supply security.
Ukraine and Russia are also Turkey's main grain suppliers, with the bulk of wheat, corn and barley imports coming from the two.
Related news posts
New US rule may let some shippers swap railroads
New US rule may let some shippers swap railroads
Washington, 30 April (Argus) — US rail regulators today issued a final rule designed to help customers switch railroads in cases of poor rail service, but it is already drawing mixed reviews. Reciprocal switching, which allows freight shippers or receivers captive to a single railroad to access to an alternate carrier, has been allowed under US Surface Transportation Board (STB) rules. But shippers had not used existing STB rules to petition for reciprocal switching in 35 years, prompting regulators to revise rules to encourage shippers to pursue switching while helping resolve service problems. "The rule adopted today has broken new ground in the effort to provide competitive options in an extraordinarily consolidated rail industry," said outgoing STB chairman Martin Oberman. The five-person board unanimously approved a rule that would allow the board to order a reciprocal switching agreement if a facility's rail service falls below specified levels. Orders would be for 3-5 years. "Given the repeated episodes of severe service deterioration in recent years, and the continuing impediments to robust and consistent rail service despite the recent improvements accomplished by Class I carriers, the board has chosen to focus on making reciprocal switching available to shippers who have suffered service problems over an extended period of time," Oberman said today. STB commissioner Robert Primus voted to approve the rule, but also said it did not go far enough. The rule adopted today is "unlikely to accomplish what the board set out to do" since it does not cover freight moving under contract, he said. "I am voting for the final rule because something is better than nothing," Primus said. But he said the rule also does nothing to address competition in the rail industry. The Association of American Railroads (AAR) is reviewing the 154-page final rule, but carriers have been historically opposed to reciprocal switching proposals. "Railroads have been clear about the risks of expanded switching and the resulting slippery slope toward unjustified market intervention," AAR said. But the trade group was pleased that STB rejected "previous proposals that amounted to open access," which is a broad term for proposals that call for railroads to allow other carriers to operate over their tracks. The American Short Line and Regional Railroad Association declined to comment but has indicated it does not expect the rule to have an appreciable impact on shortline traffic, service or operations. Today's rule has drawn mixed reactions from some shipper groups. The National Industrial Transportation League (NITL), which filed its own reciprocal switching proposal in 2011, said it was encouraged by the collection of service metrics required under the rule. But "it is disheartened by its narrow scope as it does not appear to apply to the vast majority of freight rail traffic that moves under contracts or is subject to commodity exemptions," said NITL executive director Nancy O'Liddy, noting it was a departure from the group's original petition which sought switching as a way to facilitate railroad economic competitiveness. The Chlorine Institute said, in its initial analysis, that it does not "see significant benefit for our shipper members since it excludes contract traffic which covers the vast majority of chlorine and other relevant chemical shipments." By Abby Caplan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Australia's 2024-25 wheat, barley exports to fall: USDA
Australia's 2024-25 wheat, barley exports to fall: USDA
Dalby, 30 April (Argus) — Australia's wheat and barley exports for the 2024-25 marketing year are projected by the US Department of Agriculture (USDA) to fall because of reduced domestic stocks with increased export demand. Australia's wheat production is forecast at 25.8mn t for March 2024 to February 2025, below the previous year's 26mn t, according to the USDA's Foreign Agricultural Service (FAS) report. Wheat yields are predicted at 2.15 t/hectrare (t/ha), 3pc below the previous 10-year average of 2.22 t/ha. This forecast is below recent past yield results, which peaked at 3.11 t/ha in 2022-23. Barley production is forecast at 10.9mn t, similar to the previous year's 10.8mn t but based on increased planted area and a lower average yield, the report said. Wheat exports are forecast at 17.5mn t, a 2.5mn t fall from the 2023-24 estimate of 20mn t. Australia's barley exports are projected at 5mn t, 2mn t below 7mn t in 2023-24. A previous three years of high barley production has resulted in a stockbuild, which the USD FAS expects to be drawn down in 2023-24 because of firm export demand. East Australia's New South Wales, Victoria and Queensland states have generally received average to above-average rainfall from the start of 2024, which has led to good soil moisture at the start of planting. But Western Australia and South Australia started the planting period with below-average soil moisture and have yet to receive enough rain to get the winter planting going in earnest, according to the report. The weather will influence decision-making regrading increased fallow area and changing the balance of the winter cropping programme. The extent of the change will depend on how much and when the rain falls. The Australian Bureau of Meteorology (BoM) on 16 April declared an end to El Nino weather trend with its dryer than usual conditions that it first announced in September 2023. Conditions have returned to neutral, with BoM reporting that some climate models indicate a chance of a shift to the wetter than usual conditions of La Nina by July this year. But the majority of Australia had average to above-average rainfall despite an El Nino being declared. By Jessica Clarke Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Estoques de etanol no Centro-Sul recuam em abril
Estoques de etanol no Centro-Sul recuam em abril
Sao Paulo, 29 April (Argus) — Os estoques de etanol no Centro-Sul caíram 18pc na primeira metade de abril, à medida que as atividades da safra de cana-de-açúcar de 2024-25 começaram. Os estoques do biocombustível na principal região produtora do Brasil recuaram para 2,2 milhões de m³ até o dia 16 de abril, em comparação com 2,7 milhões de m³ registrados na quinzena anterior, segundo dados do Ministério da Agricultura. Na comparação com o mesmo período do ano passado, quando os estoques foram de 1,9 milhão de m³, o avanço foi de 17pc. Os estoques de etanol hidratado representaram 1,3 milhões de m³ do total acumulado no período, baixa de 14pc na quinzena e alta de 12pc na variação anual. Já o etanol anidro totalizou cerca de 875.700m³, queda de 23pc na comparação com a quinzena anterior e crescimento de 25pc no ano. Até 16 de abril, 171 plantas haviam iniciado as operações para a nova temporada, em comparação com 166 unidades no mesmo período do ciclo anterior, de acordo com a União da Indústria de Cana-de-Açúcar e Bioenergia (Unica). O início da safra facilitou o acesso de participantes de mercado aos estoques do biocombustível, ao passo que alguns players reportaram dificuldades em comprar de estoques no fim de março. Por Laura Guedes Produção sucroalcooleira do Centro-Sul 15-Abril ano atrás ± Etanol total m³ 830.437 721.630 15% Cana-de-açúcar '000t 15.847 15.155 5% Açúcar t 675.822 582.476 16% Mapa Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2024. Argus Media group . Todos os direitos reservados.
STB chair Oberman to leave rail agency on 10 May
STB chair Oberman to leave rail agency on 10 May
Washington, 26 April (Argus) — US Surface Transportation Board (STB) chairman Martin Oberman (D) said today that he would retire in two weeks, though a replacement has not been named. Oberman informed President Joe Biden of his decision in a letter earlier today. Oberman said in mid-November 2023 that he would exit the agency in early 2024 . His five-year term expired on 31 December but he continued to serve into his one-year holdover term. No additional details have been announced, but vice chairman Karen Hedlund (D) is expected to lead the rail regulator until a formal appointment has been made. Chairman Oberman's "commitment to exploring all sides of an issue was pivotal in helping to find solutions for stakeholders," the Freight Rail Customer Alliance said. National Grain and Feed Association chief executive Mike Seyfert said pointed to Oberman's actions in working toward significant regulatory milestones for agricultural shippers and railroads. Under Oberman's leadership, STB has moved forward on long-standing proposal to allow reciprocal switching. The switching plan would allow a shipper served by a single railroad to request that its freight be transferred to another major railroad at a designated interchange point. STB is expected to act on reciprocal switching as early as this month, after introducing a plan tied to railroad service performance in September 2023. His term was also highlighted by several major industry events, such as the Covid-19 pandemic, the merger of Canadian Pacific and Kansas City Southern and the 2022 rail service crisis. Oberman was nominated by former US president Donald Trump in July 2018. His appointment was confirmed by the US Senate in January 2019 and he was appointed chairman by President Joe Biden in January 2021. By Abby Caplan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more