Egypt purchased 120 KMT of Russian wheat
The second half of the 2019/20 season is witnessing a considerably sharpening competition between exporters/traders and crushers for remaining soybean stocks.
In MY 2019/20, global barley supply increased by 19 MMT to the highest since MY 1994/95.
GASC will hold a milling wheat tender for delivery on May 15 – 25 and May 26 - June - 5, 2020.
Palm oil imports in September-March 2019/20 decreased to 125.4 KMT
Higher exports were seen to: Egypt (9% y/y), Jordan (+11%), South Korea, Sudan, Thailand.
Positive signals and bullish crude oil price expectations, as well as dwindling supply of palm oil may push up prices of other vegetable oils
The worldwide spread of coronavirus provoked a boom in wheat purchases
The deadline for bidding is April 5, 2020.