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May 26, 2025
According to Sherif Farouk, the Minister of Supply, Egypt's wheat imports could be significantly reduced this year. Domestic procurement will reach 5 million metric tonnes, up from 3.5 million tons last year. "Increased wheat procurement is…
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May 26, 2025
European traders reported on Monday that the Iranian state-owned animal food importer SLAL had issued international tenders for up to 120,000 metric tonnes of animal feed corn and barley, as well as 120,000 metric ton of soymeal. They said that…
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May 23, 2025
Sovcomflot, Russia's largest tanker company, suffered a $393 million net loss in the first three months of the year. The group blamed the decline on the new Western sanctions, which have caused operational issues, reduced revenues, and the idleness of some sanctioned ships.
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May 22, 2025
Francois-Philippe champagne, Canada's finance minister, said that discussions about tariffs were held during the G7 meeting of financial leaders. This was despite the fact that they had been mentioned in the final communiqué. At the conclusion of the meeting…
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May 22, 2025
An official from Europe said that on Thursday, the United States was "not convinced" by the idea of lowering the price cap for Russian crude oil set by the Group of Seven Nations (G7). The European Union proposed lowering the cap to a level indicative of $50 per barrel.
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May 22, 2025
Four market sources have confirmed that Russia, the largest wheat exporter in the world, has removed the minimum price recommendation for grain exporters until the end the export season, which is July 1. Sources said that the initial minimum price for May and Juni was $250 per metric ton.
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May 22, 2025
The transport ministry announced on Thursday that the South African government had agreed to provide a 51 billion rand ($2.8billion) guarantee facility for Transnet, a state-owned logistics company in financial trouble. Transnet has been struggling…
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May 22, 2025
Uganda's finance ministry announced that it had signed an agreement worth $800 million with the Islamic Development Bank for the support of projects, such as a railway project, which aim to boost trade in the country. The railway will link to Kenya's Standard Gauge Railway…
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May 21, 2025
Ambrey, a British maritime security company, said that a hijack signal sent by a Panamanian flagged petroleum products tanker near Iran was a false alert. Ambrey reported the incident on Tuesday, south of the busy Strait of Hormuz shipping lanes without naming "UAE-linked vessel".
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May 20, 2025
The European Commission announced on Tuesday that the EU had adopted four sets sanctions against Russia for the war in Ukraine, including a 17th set of measures targeting Moscow's Shadow Fleet, as well as measures relating to chemical weapons and human rights, and hybrid threats.
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May 18, 2025
The Estonian Foreign Ministry reported that Russia had detained an oil tanker owned by Greece on Sunday, after it left a Baltic Sea port in Estonia. It also said it had alerted NATO of the incident. In a press release, the Ministry of Transport…
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May 17, 2025
Guyana's Parliament passed a bill on oil pollution late Friday night that makes parties responsible for damage caused by oil spills from vessels, as well as other sources. President Irfaan Ali is expected to sign the bill into law soon. The…
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May 16, 2025
After an incident on the job, the Nigerian oil company Renaissance Energy said that it had halted the production of one line into the Trans Niger pipeline. This is a major oil route transporting crude oil from the onshore oilfields up to the Bonny terminal.
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May 15, 2025
European traders reported on Thursday that the Algerian state agency ONAB was believed to not have made any substantial purchases in an auction which closed on February 28th for up to 320,000 tons of corn, to be sourced exclusively from Argentina or Brazil.
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May 15, 2025
Egypt, one of the top wheat importers, has bought 2.5 million tons of wheat this season from local farmers, according to a cabinet statement released on Thursday. The procurement this season has increased by a small amount compared to the 2024 period.
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May 15, 2025
General Food Security Authority announced on Thursday that Saudi Arabia had issued a tender for 655,000 metric tonnes of wheat to be shipped between August and October 2025. European traders expect the price offer results to be available on Monday, 19 May.
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May 14, 2025
Major Feedmill Group of South Korea (MFG) bought about 60,000 tons of soymeal from South America on Wednesday in a deal that was not subject to an international tender, traders reported. The estimated cost and freight per ton was $346.40, including the surcharge for port unloading.
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May 14, 2025
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 65,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to 138,000 metric tons.
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May 14, 2025
Jean-Noel Barrot, the French Minister of Foreign Affairs said that on Wednesday, EU diplomats announced sanctions on nearly 200 tankers from Russia's "shadow fleet". Sources who spoke anonymously said that although two countries need to consult with their parliaments about the details…
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May 12, 2025
Hong Kong's CK Hutchison announced on Monday that the closely monitored port deal it has negotiated will adhere strictly to all compliance standards. In March, the Hong Kong-based conglomerate controlled by tycoon Li Kashing agreed to sell the bulk of its global ports business worth $22.8 billion…
