Conab: Brasil deve registrar colheita recorde
A safra brasileira de grãos e oleaginosas 2019-20 deve alcançar uma produção recorde de 245,8 milhões de t, impulsionada por um aumento na área cultivada e uma recuperação na safra de soja, que provavelmente também quebrará um recorde.
O volume total marcaria um aumento de 1,6pc ante o ciclo anterior. A área total plantada também deve atingir históricos 64 milhões de ha, um aumento de 1,1pc em relação à temporada do ano passado, informou hoje a Companhia Nacional de Abastecimento (Conab) em seu primeiro levantamento sobre a nova temporada.
Os agricultores já começaram a plantar soja e milho em algumas áreas do Sul e Centro-Oeste do país. Ambas as commodities - incluindo a segunda safra de milho, semeada após a colheita de soja - respondem por 90pc de toda a safra de grãos e oleaginosas do Brasil. Outras culturas incluídas no levantamento são girassol, cevada e amendoim, entre outras.
A produção de soja é estimada em um recorde de 120,4 milhões de t na safra 2019-20, alta de 4,7pc ante a safra 2018-19, quando condições climáticas desfavoráveis prejudicaram a produtividade em algumas regiões produtoras. A área plantada com a oleaginosa neste ano deve atingir 36,6 milhões de ha, um aumento de 1,9pc em relação ao ano passado.
Estima-se que a produção de milho atinja 98,4 milhões de t nesta temporada, uma queda de 1,7pc em relação ao recorde de 100 milhões de t alcançado em 2018-19. Os agricultores devem semear 17,5 milhões de ha com o cereal nesta temporada, praticamente estável.
A produção de algodão em pluma está prevista em 2,7 milhões de t na safra atual, 0,4pc abaixo da produção na safra 2018-19, com plantio totalizando 1,6 milhões de ha, um aumento de 1,2pc.
Exportações
A Conab estima que as exportações brasileiras de soja atingirão 72 milhões de toneladas na safra 2019-20, um pouco acima dos 70 milhões em 2018-19. Espera-se que os embarques de milho caiam de 38 milhões de t para 34 milhões de t.
As exportações de algodão em pluma estão previstas em 1,8 milhão de t, em comparação com 1,5 milhão de t em 2018-19.
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Singapore's MPA, IEA unite on maritime decarbonisation
Singapore's MPA, IEA unite on maritime decarbonisation
Singapore, 17 April (Argus) — The Maritime and Port Authority of Singapore (MPA) and the IEA have signed an initial deal to push the transition to zero and near zero emission fuels, while working on technology as well as digitalisation to meet the maritime decarbonisation agenda. The agreement, signed by MPA chief executive Teo Eng Dih and IEA executive director Faith Birol, was announced at the Singapore Maritime Week 2024 (SMW) this week. "Greater international collaboration in maritime and energy industries is critical for international shipping to meet international decarbonisation goals," Teo said. "Shipping is one of the hardest sectors to decarbonise and we need to spur development and deployment of new technologies to slow and then reverse the rise in its emissions," said IEA chief economist Tim Gould. "This will require strong collaboration at a national and international level." Training programmes will be built to support the adoption of new fuels. There will also be partnerships made towards fuel-related projects and initiatives such as the International Maritime Organisation-Singapore NextGen project. The IEA plans to open its first regional co-operation centre in Singapore, which will be its first regional office outside of its headquarters in Paris, France. By Mahua Chakravarty Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
US Gulf lowest-cost green ammonia in 2030: Report
US Gulf lowest-cost green ammonia in 2030: Report
New York, 16 April (Argus) — The US Gulf coast will likely be the lowest cost source of green ammonia to top global bunkering ports Singapore and Rotterdam by 2030, according to a study by independent non-profits Rocky Mountain Institute and the Global Maritime Forum. Green ammonia in Singapore is projected to be sourced from the US Gulf coast at $1,100/t, Chile at $1,850/t, Australia at $1,940/t, Namibia at $2,050/t and India at $2,090/t very low-sulphur fuel oil equivalent (VLSFOe) in 2030. Singapore is also projected to procure green methanol from the US Gulf coast at $1,330/t, China at $1,640/t, Australia at $2,610/t and Egypt at $2,810/t VLSFOe in 2030. The US Gulf coast would be cheaper for both Chinese bio-methanol and Egyptian or Australian e-methanol. But modeling suggests that competition could result in US methanol going to other ports, particularly in Europe, unless the Singaporean port ecosystem moves to proactively secure supply, says the study. In addition to space constraints imposed by its geography, Singapore has relatively poor wind and solar energy sources, which makes local production of green hydrogen-based-fuels expensive, says the study. Singapore locally produced green methanol and green ammonia are projected at $2,910/t and $2,800/t VLSFOe, respectively, in 2030, higher than imports, even when considering the extra transport costs. The study projects that fossil fuels would account for 47mn t VLSFOe, or 95pc of Singapore's marine fuel demand in 2030. The remaining 5pc will be allocated between green ammonia (about 1.89mn t VLSFOe) and green methanol (3.30mn t VLSFOe). Rotterdam to pull from US Gulf Green ammonia in Rotterdam is projected to be sourced from the US Gulf coast at $1,080/t, locally produced at $2,120/t, sourced from Spain at $2,150/t and from Brazil at $2,310/t. Rotterdam is also projected to procure green methanol from China at $1,830/t, Denmark at $2,060/t, locally produce it at $2,180/t and from Finland at $2,190/t VLSFOe, among other countries, but not the US Gulf coast . The study projects that fossil fuels would account for 8.1mn t VLSFOe, or 95pc of Rotterdam's marine fuel demand in 2030. The remaining 5pc will be allocated between green ammonia, at about 326,000t, and green methanol, at about 570,000t VLSFOe. Rotterdam has a good renewable energy potential, according to the study. But Rotterdam is also a significant industrial cluster and several of the industries in the port's hinterland are seeking to use hydrogen for decarbonisation. As such, the port is expected to import most of its green hydrogen-based fuel supply. Though US-produced green fuels are likely to be in high demand, Rotterdam can benefit from EU incentives for hydrogen imports, lower-emission fuel demand created by the EU emissions trading system and FuelEU Maritime. But the EU's draft Renewable Energy Directive could limit the potential for European ports like Rotterdam to import US green fuels. The draft requirements in the Directive disallow fuel from some projects that benefit from renewable electricity incentives, like the renewable energy production tax credit provided by the US's Inflation Reduction Act, after 2028. If these draft requirements are accepted in the final regulation, they could limit the window of opportunity for hydrogen imports from the US to Rotterdam to the period before 2028, says the study. By Stefka Wechsler Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Urea prices remain under pressure on latest sales
Urea prices remain under pressure on latest sales
Amsterdam, 16 April (Argus) — Price indications for urea in north Africa and from the Black Sea have fallen, while fresh sales for Nigerian urea have taken place at $255/t fob, as the market continues to shrug off tensions in the Middle East. Nigerian producer Dangote has sold two 30,000t cargoes of granular urea, probably at around $255/t fob for loading in the second half of this month. Bids were heard in the low $250s/t fob and below last week. Indications for Egyptian granular urea to European markets have slipped to $300-305/t fob with bids at $295/t fob and below. Argus assessed urea at $305-310/t fob Egypt for Europe yesterday. Indications for Algerian urea to Europe broadly span $300-310/t fob. A supplier has sold a small lot of Turkmen granular urea at around $260/t fob Poti for loading in the first half of next month, down from offers around $270/t fob at the end of last week. US loaded barge prices have also slipped to $300-310/short ton fob Nola, framed by bids and offers, having traded at $311/st fob yesterday. Full-April barges traded at $304/st and $305/st fob earlier today. The physical urea market has mostly brushed aside the intensifying tensions in the Middle East, after Iran fired drones and missiles at Israel on 13 April, with two cargoes probably concluding lower at $255/t fob Iran on 15 April . Iran exported about 5mn t of urea last year, while the Middle East accounted for 19mn t out of 52mn t of global trade, Argus data show. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
India’s GSFC seeks revised DAP offers
India’s GSFC seeks revised DAP offers
London, 16 April (Argus) — Indian importer GSFC has asked for revised offers under its 9 April tender to buy 50,000t of DAP. Three trading firms made initial offers and are now negotiating with GSFC. GSFC wants their revised offers submitted by 18 April. The firm had sought offers for 25,000t of natural-coloured DAP and 25,000t of coffee-coloured/brown DAP for May arrival at Mundra/Kandla on India's northwest coast. The lowest offer was around $542/t cfr. GSFC will now accept shipment in May with arrival after the end of the month. DAP prices in India have fallen from the mid-$590s/t cfr in early March as the resumption of Chinese exports encouraged trading firms to offer their lowers in successive tenders. But Indian DAP buying has been limited to state-owned importers. The private sector has stayed on the sidelines while prices remain above the breakeven level of around $509/t cfr, given the DAP nutrient-based subsidy of 21,676 rupees/t for April-September and the maximum retail price of Rs27,000/t. Recent DAP spot offers from trading firms have been as low as around $540/t cfr India. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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