CME Palm Oil (Chicago, US)

End of low Chinese export taxes on fertilizer on 31 Oct. 2013 N-fertilizer prices fell considerably after the end of the fertilizer season. The driving forces were the fall in grain prices and the temporary reduction in Chinese export duties. Stable natural gas prices, on the other hand, had virtually no effect. Although the uncertainty caused by…

Despite higher agricultural prices, the number of hungry people is falling. The majority of undernourished people, 55%, live in South and East Asia, around 25% in the African South Sahara zone and only 16% in industrialized countries. The average number of hungry people in the years 2005-07 fell from just under 900 million to 842 million on average…

Possible bottoming out of nitrogen prices Forward rates from Sept. 20, 2013 In $ per t Sept 13 Oct -13 Nov 13 Dec 13 Urea Black Sea fob Yuzny 298 287,50 282,50 - Granulated urea Egypt 320 322,50 322,50 - Urea (fob US Gulf Coast) 295,75 290,00 287,00 287,50 The months-long decline in fertilizer prices appears to have bottomed out. The speed of the…

Limits to bioenergy production (EP draft resolution) In its meeting on September 11, 2013, the European Parliament (EP) decided to limit the use of biofuels. The proportion of biofuels from agricultural raw materials from the food and feed chain (1st generation) is to be limited to 6%. The EU Commission had proposed 5%. Second-generation biofuels…

Fertilizer market in disarray in 2013/14 - new orientation needed The international fertilizer market has been plunged into severe turbulence in 2013/14. The termination of the joint distribution agreement between Belarus and Russia has certainly contributed to this, but this is probably not the only and decisive reason. The price relationships…

The development of agriculture up to 2022 - OECD/FAO Agricultural Outlook 2013 The global food economy before the turn of the millennium was characterized by agricultural policy-induced production surpluses in central industrialized countries. In contrast, most developing countries experienced moderate economic growth and food shortages to the…